How To Buy And Sell At The Same Time
Posted by Andy Mandel on
"I would list my house, but where would I go?" With record low inventory nationwide and especially across South Florida, this is something that we hear a lot.
According to Altos research, we're about 1 million listings shy of being even in a balanced market, yet alone, a buyer's market that many have been waiting, hoping, and praying for.
One of the biggest factors right now is that people feel trapped in their current home that may not be right for them anymore because they have an ultra low mortgage rate in the 2% to 4% range, and they don't want to move into a more expensive house at a 6% to 7% rate. This has prevented a ton of people from selling further reducing inventory that would otherwise be on the market and driving up prices due to…
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