Real Estate Coaching Radio

Where's the inventory? When will the market change? What can I do? How can I take 3 listings immediately without spending any money? Fact: Inventory of available homes for sale is at an all-time low. Year over year, active listings have decreased 20 to 50% depending on your city. Active listings are hovering at about 410,000. Yet more than 6 million homes sold last year. What are you doing to proactively find sellers who wish to sell? As we have often reminded you, the market is not headed for an apocalyptic crash, raining discounted inventory on your town. Here's why: 1 - Demographic demand.  According to NAR, 45 million Millennials (ages 26 to 35) are ready to make a move this year. Rental payments are outpacing mortgage payments by 7.1%. Only 5% of rentals are even vacant, keeping supply down and payments high. FOMO or Fear of Missing Out is still playing a big role in the desire to purchase, especially before rates inch higher and higher. 2 - Builders can't keep up. The cost of materials has tripled for l