Low Inventory and High Standards

Low Inventory and High Standards. This is what has created the very bizarre market that we've been experiencing the last 6 months. Because of the rising cost of homeownership we have noticed that not every home just flies off the shelves like they did in 2021 and 2022. While inventory is staying low, with the expectation of transaction count going up in 2024, it's allowed buyers to "wait for the right home" to come to market.

Are you thinking of buying in 2024? Are you planning to be more selective because of where pricing and interest rates are?

#homebuying #homebuyingtips #charlottehomes #charlotterealestate #charlotterealtor #shorts

[WuzzaFuzza]

Next time my parents ask why I haven’t gotten a house yet I’ll just tell them I’m being picky 🤣

[cssanders]

Of course they are picky, not enough inventory...supply n demand but trying to make it about the buyer is wrong

[sheldoninst]

Wait until UNemployment rises, which is the last pillar holding these prices artificially high… all of those people who got cheap loans to buy and now holding on to their AirBnBs will have to sell….

These RE crashes happen like clockwork every 18-20 years, and twice in my lifetime - late 80s S&L crash and subsequent housing crash of the early 90s, and of course the great recession of 2008…. This time it’ll be worse cuz the government keeps raising the debt further each time around.