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.


      “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.


      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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