Reasons for the Low Inventory

Tips and Deals Forums Buying Your Home Buying a Home in Bay Area Reasons for the Low Inventory

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      Here is an excerpt from a Reuters article about job opportunities in some U.S. cities.* It might explain why, even with all of the real estate malaise, the available stock seems to be limited.

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      “It is not surprising therefore that the number of people who moved for a* job dropped to 3.4 million in 2009-2010 compared with 4.6 million in* 2006-2007, according to the Census.

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      The percentage of people who moved for any reason in the last year is the* lowest it has been since the U.S. Census Bureau began tracking the* number in 1948. Only 11.6 percent changed residences between 2010 and* 2011, according to data released last Tuesday by the Census.”

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