That is a question I have been asking myself for a long time now and until I read the following article by Chris Trapani, Co-founder, Broker / Owner of Sereno Group located in the Silicon Valley area of California, I never really understood all of the different elements that have contributed to the current state of affairs.
Chris does a great job of articulating all of the various reasons why housing inventory is so low and delves deep into what exactly is driving this condition. In all, he points out eight (8) different causes outlining this phenomenon and weaves them together in such a way that makes a lot a sense. Another reason why this article is worth the read is the fact that so little has been written about this subject to date.
Click below to read this article which first appeared in the April 2, 2015 edition of Inman News: