My name is German Llanos, a Real Estate Expert. I this video I explain and discuss the reasons of the current “tight inventory” market situation.
There has not been much meaningful new construction during the 2008-2013 periods. The market was flooded with foreclosures and banks were not giving many construction loans at all. But during that period people still were having babies, forming households and relocating. The result is that now in 2016 we lots of housing demand and very tight supply. Continue reading “Why distressed properties are so hot? Why I keep bidding full price and keep losing? What is a “Multiple Offer Situation”? What is a “Highest and Best Offer”?”