low housing inventory

Performance Property Real Estate Question

How To Find Great Deals If Housing Inventory Is Low

Q: Gerald, lately I can’t find any property to buy, it seems like there’s nothing out there right now. What should I be doing to find good real estate deals? Carter, Passaic, NJ A: That’s a great question, Carter. It’s true that housing inventory is very low in many local real estate markets now for several reasons, not the least of which is because there are still many property owners who bought or refinanced at the height of the last real estate market bubble and therefore have little or no equity–these property owners are mostly sitting on the sidelines even if they want to sell because they’d have to reach into their pockets to pay off their underlying mortgage debt […]

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