Low inventory, interest rates are driving a crazy real estate market
Cheney Realty's Benji Estrellado is posting a lot of sold signs lately, when he can find homes to put on the market, that is.
You've seen and heard about the big boom in apartment construction in the area.
But there's another hot property these days and that's because there is way too little of it - houses for sale.
One of the basic laws of economics, supply and demand, is keeping many area real estate agents hopping, particularly, Benji Estrellado at Cheney Realty and Pat Isbell from Hilton Real Estate.
"They're selling fast and we're getting multiple offers on some of these houses," Estrellado said. "There are buyers out there because of the low interest rates, but there's not that many houses for sale." Some homes...
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