Real estate investors should focus on markets where inventory is dropping, not rising. Nevada is down 26%, Michigan and Illinois each down 5%. Skip the states flooded with listings like Florida, Texas, and Kansas.
The markets that surprisingly have the biggest increase in inventory are Kansas, Arkansas, Florida, Nebraska, Texas, Maine, Vermont, Mississippi, North Carolina, Alaska, and Hawaii. So we're still buying there, but not as much. So we're looking at where the inventory is down, which is Nevada. It's down almost 26%. It's Michigan, which is down 5%. Illinois surprisingly is down 5%. New York, which we won't touch anymore. We don't bother with New York, Washington. California's down a little bit, but we don't do a whole lot there. We've done some of West Virginia, which is down. New Jersey's down. Pennsylvania's down. So we're trying to focus on those markets. You guys are down up there in Boston. Boston market doesn't have much inventory, right? And that's a red-hot market right now.
Episode 575: Redefining Retirement as the Day All Your Choices Open Up with Doug Bennett
