Granite Bay Market Tightening

We are running out of inventory... no doubt about it and there is still a gap between willing buyers & what existing potential sellers would want for their home..

As of today, there are 17 active listings in the Granite Bay, California zip code, at any price. Obviously that is subject to change, and does daily, but about a year ago there were nearly 200 - mostly foreclosures.

With the banks winding down their REO inventories, we can expect a few things to happen:

1.) A lot of asset managers will be looking for a new line of work (I actually like asset management people, but if there are no more REO's... )

2.) Prices are going to increase. Lack of supply compared to demand means prices go up.