Did you see the influx of corporations buying up homes in 2019 as they left the crumbs for first time homebuyers? An S corporation, C corporation and a limited liability company (LLC) can all buy real estate, and these business entities are shielded from lawsuits, personal assets and business losses. When you realize how much your home is worth, it makes you want to sell, but where can you afford to move and make a profit? Well, articles and surveys are popping up saying help is on the way for the housing market’s current inventory crisis, with 10% of homeowners planning to put their home on the market this year and an additional 16% planning to list in 2-3 years.
According to Realtor.com homeowners aren’t planning to sell this year because homeowners aren’t sure where they want to move. It’s so much work to get a house ready to sell, but some home buyers are scooping up homes sight unseen with nice offers. After the pandemic it would be interesting to see if housing cost go down or skyrocket.