Bring on the Inventory!

[Jake Kucheck]

For months now, all I've heard is "inventory is drying up due to the election."

Well... we're past that now. Wall Street has certainly made its opinion known (Dow is down 2.4% as of this writing). I'm hoping that in some small way, the punditry and excuses that have prolonged the drought of homes that come to market will cease... but I've seen too many other false promises not come to fruition.

What say you BP? Do we think there will be a large influx in homes coming to market? A small increase? No change? Only time will tell...

[Rob K.]

Originally posted by Mark H.:

From what I understand, the "tax relief for deadbeats act" ends in less than 60 days, so hopefully that will relegate the short-sale to the history books where they belong.

I totally agree. I'm so tired of people borrowing money and then not paying it back because they are "victims" of the market or the bank.

If you borrow money, you should pay it back in full.

As far as the wave of foreclosures, I've heard of this for years. All of the foreclosure agents I talk to have little to no inventory and nothing in the pipe. All markets are different, though.