I recently attended the California Association of Realtors Expo in Long Beach –
great conversation and I met some wonderful people! One of the best sessions was about the market.
Did you know that nationally and due to the lack of inventory across the country:
Nationally pre-2002 the turnover rate was 5.6% now, post-2008 it’s 3.5% which is part of the reason we don’t have inventory. In other words, people are staying in their homes longer. We also are seeing declining labor mobility because people can be more productive at home. They don’t necessarily have to move to be close to their place of employment.
Interesting right? What can we focus on to make money in real estate that takes all this into account…? Call me now!
Crissi Avila will teach you how to buy smart. We’ll look at location, development, and turnover so you can spot opportunities long before most even start considering them.