There is no reason they will have to wait 10 years for another bedroom as long as they bought more than 2 or 3 years ago and have siginificant equity. Moving up simply requires one to “buy the gap”. In a better market (by better I mean less inventory not necessarily higher prices) it will b easier to get their home in escrow and then search for the right home to “buy the gap” on. With lower prices the tax bite will also have less sting!

back to the point through….that right there proved my point. 3 sellers that were testing the waters, failed and are staying put. We dont know how many more like them are out there. It may or may not be significant but dont be surprised if we see inventory actually drop this Fall.