Why is our home inventory so low?

The Selling Dilemma by Bay Equity Mortgage

Record demand for housing means windfall cash gains for today’s home sellers.

Today’s sellers are averaging record returns of $44,000 over what they paid, an increase of 24 percent – and much more in the hottest markets. Real estate investors are grinning ear-to-ear. But despite these high-profit results, many American homeowners are skipping out on the selling bonanza. Why? Because most people are not investors. They use their sales profits as a down payment on a new home – in the same market in which they just sold.  Full Article

house-for-sale

About Farhat and Associates Real Estate

Professional - Our early careers were in Accounting, Property Management, and Technology fields. Both Aziz and I found our passion for real estate as we started in the industry as Investors. Since 2004, we have devoted ourselves to this business on a full-time basis and have sold 100s of homes for our clients. Personal - Our passions are our family, our dogs, outdoor activities, reading, photography, golfing, and discovering new foods/restaurants.
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