by AC
It is real bad right now in the RE/mortgage industry! Few people who could actually qualify even want real estate right now! Investors and cash buyers have left. Investors around here are now net sellers. Inventory here is up 112% since March. Rates have gone up 150% since June 2022!
This is ugly!
People are stuck in their homes. Gen z and millennials refuse to stay anywhere for too many years. They are selling now. Boomers are also selling- many due to illness, death or medical bills.