Investors selling with recession fears

Investors selling with recession fears

Investor home sales could boost overall inventory A survey by Bright MLS found that investor properties accounted for more listings this spring, possibly due to fears of a looming recession. While spring inventory remains low, investors who want to cash in their properties could be a fruitful source of new listings. With interest rates still elevated, many potential sellers are reluctant to put their homes on the market and give up their existing ultra-low rates. Property investors could be more interested in selling soon if they think a recession is coming later this year; cashing in now may net them a better deal on their property. Despite a potential uptick in investor property sales, the Bright MLS survey found buyer demand will still outstrip inventory in the next three months.

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