Reply to Does anybody have a grip on the housing market?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I am seeing a huge surge in inventory that I haven’t seen since last fall. I think with rates slightly dipping, people are testing the waters again.[/quote]

Inventory driven by whom or what?

People trading up? Investors getting out? Tons of people relocating? Old people retiring and moving to low cola places?

Who’s selling and why? [/quote]

Not the PP, but I will share my observation. I work in related field.

Inventory of houses occupied by old people retiring and moving out. They don't even have mortgage so rate is not an issue for them. They will sell and buy cheaper house somewhere else outright and still have some money left.

I don't see inventory coming from normal families moving up in price range because they have very low rate right now and moving up is extremely expensive.[/quote]

Can’t even downsize in this market, dearie. Would love to unload my SFH in a desirable school district, but want to stay in the general area for commuting, want to get rid of the yard and out of the neighborhood of school-aged kids. But can’t, Sad.[/quote]

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