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re: New Single Family homes listed for sale hits highest level since 2008
Posted on 4/25/24 at 9:12 am to stout
Posted on 4/25/24 at 9:12 am to stout
quote:
Seems like the inventory issue is working itself out but that's because no one is buying
I really don't understand this inventory issue. Who is living on the streets that has no where to live? Its second homes, 2nd home buyers are buying OVER 1st home buyers so 1st home buyers can't upgrade or are living in cheaper places.
That doesn't mean "not enough inventory", that's just the market working itself out.
Where you get a major dip or recession in the housing market, is when "flips" and "2nd" homes like in 2008 that have NO ONE living in them drop in value. Over saturation of the market causes a recession.
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