Housing Inventory is at an Extreme Low in 2014, All Cash to Buy a Home
If you're in the market to buy a home in 2014, you may need a bank-load of cash to be competitive in the buyer pool. According to this Nightly News report many homes are being sold to cash buyers, as much as 40% or more!
The obvious conclusion to this type of market is that soon home prices will shoot up. Yes, the extremes of real estate values has made everyone's heads spin, but unfortunately the lows seen in real estate prices at the bottom of the housing crash were over-compensating at best to the economy at the time.
Here in the California Real Estate Market, we've seen 40% to 60% price swings, or more!!!!
Here's the Nightly News Video:
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