I have certainly been paying attention to those! Inventory absolutely keeps going up.
I am curious as to what is truly driving the inventory increases and number of houses going in the market. One report says homeowners are handcuffed and holding their homes as don't want to let go of their low mortgage rates for a higher one.
If that is the case, what are the circumstances driving people to put up their homes? I could go on with what they believe is happening, I just know in most locales it is certainly increasing exponentially, and a lot of divergent thoughts.
Inventory goes up because fewer people are buying and more people are holding.
Then another report shows more people putting up their places for sale and not holding.
Prices went up because of the market and low inventories, and although the prices are starting to lower, TV is maintaining some of the pricing... especially if you turn back the clock on these homes. Some of the homes I am looking at that were bought I am sure as an investment home, with what doesn't appear to be major upgrades show an increased ask of $75-$100k in the last 4 years. Those prices may/will not be met IMHO as that may get a deep hair cut.
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