Further insight into the low housing inventory
In the article, John Altman (real estate broker) said that our 6,300 units of inventory in San Diego County is about 2.2 months’ worth of homes available for sale. Alan Nevin, a London Group Realty Advisors principal, said that new housing construction isn’t keeping up with current and future demand.
Both contributors also pointed out that if the forgiveness federal debt provisions are allowed to expire before the end of the year, it could create more issues for currently-underwater homeowners. While there is talk about extending these provisions, nothing is certain. This could mean that short sales will be more difficult, and who knows what that will do to the improving real
Prudential California Realty, North San Diego County and Carlsbad Real Estate
Bryan & Allison Devore
Prudential California Realty
Blog Archive2017-04-21 06:42:10
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