Where are the Sellers?

MIBOR just released numbers for July, and I havta’ ask, “Where are all the sellers at?”

You see, it just doesn’t make any sense…

#1  Sales are up- 14% from July last year.

#2  Inventory of houses available to buyers is limited- as in 17% less than a year ago.

#3  The average house is selling for $155,000— up 7% over a year ago.

#4  Mortgage rates are holding in the 3’s & 4’s- something unheard of the past 60 years.

So help me out here, what’s holding people back from wanting to put a For Sale sign in their front yard?

 

 

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