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Macro Real Estate Trends With Chris Okada

Lead-Lag Live

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Is There an Inventory Issue With Single Family Homes?

I would say you'll see on in the report 30%. It's a little worse than that. I believe that we're down maybe 40% on average. People are not willing to let go of their 2.5 2.9% 30 year fixed mortgage that they refinanced in 2021 or 2020 or even, you know, 3.5%. Why would they refinance right now, even if their value of their home went up 30% 50% whatever it may have been? So that is we're having an inventory issue with single family homes throughout the country. Ironically, Texas being one of the greatest stories of the 2020 so far Austin Dallas Houston so on so forth. They are actually

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