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Posts from September 14th, 2020

Live Local Gulf Coast

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September
14

It's no secret that the Gulf Coast real estate market has seen an uptick in the past few months due to pent up demand from COVID-19 coupled with historically low interest rates. But a lesser known factor is also affecting our current real estate boom: low inventory due to people selling their homes less frequently. 

According to the National Association of REALTORS®, the median amount of time U.S. homeowners stay in one place is 13 years, up by three years since 2008. While the reasons behind that increase vary by market – and sometimes vary within price points in the same area – increasing home price...

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