The summer real estate market got off on the wrong foot with the latest data from the U.S. Department of Commerce showing that housing starts and building permits fell to a nine-month low last month.
As housing supply diminishes, buyers are forced to exercise more due diligence in selecting a home, which “Flip or Flop” television show star Tarek El Moussa knows all too well–but unfortunately, not at the time when he bought his first home.
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El Moussa revealed to Realtor.com that during the nascent stages of his real estate investing career at age 21, he was eyeing a California home that would serve as the ideal bachelor pad. Unfortunately, as his emotions welled up in excitement, his common sense began to diminish.