Investing 102

[68Cuda]

Originally Posted by Vegas69

Inventory levels have nearly doubled since the median price hit it's low point in 2012. Resale inventory has stayed steady for roughly 2 years. New home builders are building everywhere. Their median price is $100,000 higher than the resale market. I've seen standing inventory from multiple builders lately and have negotiated aggressively with them for my buyers.

Days on market has stayed pretty consistent.

Where are you located?

The market here is crazy, rental rates for residential are stupid high, and it seems resale inventory is real low and moves fast. It seems like a bad time to buy.

Everyone here is building, both residential and commercial.

[Vegas69]

Originally Posted by 68Cuda

Where are you located?

The market here is crazy, rental rates for residential are stupid high, and it seems resale inventory is real low and moves fast. It seems like a bad time to buy.

Everyone here is building, both residential and commercial.

I'm in Las Vegas. I've really grown to like the philosophy of doing the opposite of the majority.