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42
Home buying companies unable to unload their inventory. (www.wsj.com)
posted 1 year ago by BerlinWallCrosser 1 year ago by BerlinWallCrosser +42 / -0
Home-Buying Companies Stuck With Hundreds of Houses as Demand Slows
As mortgage rates surged, some customers backed out of purchases or needed more time for financing
www.wsj.com
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▲ 10 ▼
– Rotor 10 points 1 year ago +10 / -0

They aren’t stuck with them. All they need to do is to price them to the market (sales price considering interest rate) and they will sell. They are holding them because they don’t want to sell them at a loss. They, being professionals should have known they were buying them at the top of the market. Seems to me they are not good at their job.

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▲ 5 ▼
– Iknowstuff 5 points 1 year ago +5 / -0

Happens every cycle.

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▲ 1 ▼
– eagledriver 1 point 1 year ago +1 / -0

Saw it happen in 2008 when we sold one house and bought another house that was better and lower priced...WOWOZA@@@@

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