The New Problem in Real Estate - Will Home Inventory Get Worse?
Channel: Sackin-Stone Team
Date: 24/07/2022

We all know there's a home inventory problem out there but there's one thing you don't know about that could possibly extend the problem for years to come.

It's a mindset issue.

So many buyers and sellers today have either refinanced or bought homes at ridiculously (and historically) low-interest rates. We were seeing fixed rates in the high 2s and low 3s!

What do these low-interest rates create for the future of the real estate market?

We believe that this will fuel the inventory problem in our marketplace (Orange County, CA) even further because that locked-in low-interest rate monthly payment will be impossible to match so people will stay in their homes longer before moving up.

The average person stays in their house 7-8 years and if this number increases by just 1 year, it can have significant impacts on inventory and the housing market.

Join Scott and Lane as they break this topic down in today's video.

Watch Now:
Does a Recession mean a Housing Crisis? https://youtu.be/zQP3siBI-Xs
How's the Real Estate Market? Lane's Take: https://youtu.be/uxmuYtyFYbI
How's the Real Estate Market? Scott's Take: https://youtu.be/lyReLUT0jP0

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Lane Stone DRE# 01912264⁠
Seven Gables DRE# 00745605⁠