When Will The Low Inventory Change? – The Real Estate Show Episode 6
When will the low inventory change? There is a nationwide home shortage of 4 million homes. The shortage has been building up for years since the recession. There’s also been a moratorium put on foreclosures since the pandemic. There are 2.7 million homes in forbearance right now, however they may not eventually be sold at discounted rates. Another cause of the low inventory is the outside companies coming in and buying homes.
While some of the circumstances may change, some outcomes may stick around permanently. For example, there’s more value put on the home that’s chosen since people are spending much more time at home.
