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2012-06-27 08:20:17
Further insight into the low housing inventory

The San Diego Daily Transcript just published an article that quotes more sources as saying that inventory is historically very low.

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
estate market. 

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Prudential California Realty, North San Diego County and Carlsbad Real Estate 

 

Bryan & Allison Devore

Prudential California Realty

(760) 908-3838

info@TheDevores.com

 
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