Real Estate Industry Leaders “Freaked Out” by Low Inventory

real estate market successIn the Great Recession just a decade ago, homes were sitting empty around the country as homeowners defaulted on mortgages, encountered foreclosures, and sent the nation’s real estate markets into a downward spiral. Now some cities are being hit with an opposite problem: too many qualified buyers for too few houses. The number of homes for sale has fallen over the last year, and as spring and summer buying seasons kick into high gear, some would be homeowners are in for a big surprise. Continue reading