Since 2022, we've seen an increase in housing inventory, and higher interest rates have played a role in this rise. It’s interesting to note that this trend has been apparent in the data for quite a while! Many people used to believe that inventory couldn’t grow when rates were high, but recent findings have shown otherwise. It's a good time to join the winning team😇
Logan is great, but for some of us with no mortgage, lower rates/higher demand is a problem. I can't list my current house until I find the next one. There is very little inventory for what I'm looking for.
Total active inventory is up compared to 2022, and we've seen an increase in new listings for 2024. We're getting closer to the healthy housing market levels of 2019. In fact, ten states are already near those 2019 levels. Certain areas don't have that luxury but it's still an improvement from the lows of 2022 where we only had 240,000 homes for sale
You are probably going to have to go find one off the market put under contract and then turn around sell yours. We have had to do this with all of our investment properties that we have 1031 exchanged over the last few years because inventory has been so low. So we have been doing the exact same thing with our home sellers here in the Seattle metro. Best of luck to you
Well said Logan... well said
Sarah you did a gotcha and you were right😉
You knocked him down a centimeter. Good job!!
Great podcast for you both!!
Since 2022, we've seen an increase in housing inventory, and higher interest rates have played a role in this rise. It’s interesting to note that this trend has been apparent in the data for quite a while! Many people used to believe that inventory couldn’t grow when rates were high, but recent findings have shown otherwise. It's a good time to join the winning team😇
@@LoganMohtashami I've been on the winning team ;)
Logan is great, but for some of us with no mortgage, lower rates/higher demand is a problem. I can't list my current house until I find the next one. There is very little inventory for what I'm looking for.
Total active inventory is up compared to 2022, and we've seen an increase in new listings for 2024. We're getting closer to the healthy housing market levels of 2019. In fact, ten states are already near those 2019 levels. Certain areas don't have that luxury but it's still an improvement from the lows of 2022 where we only had 240,000 homes for sale
You are probably going to have to go find one off the market put under contract and then turn around sell yours. We have had to do this with all of our investment properties that we have 1031 exchanged over the last few years because inventory has been so low. So we have been doing the exact same thing with our home sellers here in the Seattle metro. Best of luck to you