While home prices are rising across the nation, those in the central states are rising faster than in large cities on the coasts, bucking tradition. Prices in any smaller metro area are now at least
Nation Faces Unprecedented Housing Shortage
Dated: March 3 2021
Views: 133
If you are a Buyer looking in today's real estate market you already have realized that inventory is very low. The pandemic has caused higher prices and bidding wars on most properties. In January the housing inventory decreased by 43% compared with the same month last year. New listings coming on the market decreased by 23% year over year. Home prices on average rose 15.4% annually to $346K in January as a result of the shortage. Buyers should be prepared for a competitive spring home-buying season. You can watch my video "The Most Clever Tips on Home Finance and Budgeting" to learn one method of winning a successful bid. There were 443K fewer homes up for grasp this year than last year and while builders have ramped up they haven't made much of a dent yet. Although prices vary by region the Northeast had the highest increase of 16.8% with the South having the lowest of 8%. of the nation's 50 largest metro areas Austin, Texas showed the most increase of 30.2%. Only 2 metro areas showed an increase in housing inventory, San Jose and San Francisco CA. Ask me all your real estate questions. www.davidlasley.realtor #davidlasley #douglasrealty #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket
David Lasley
My team of professionals is standing by to provide you with 5-star service. My mission is defined by providing absolutely the most innovative and effective marketing of real estate and unparalleled pe....
Latest Blog Posts
With the housing inventory in short supply demand for new construction in the US rose 4.3% in January as the housing market continues to be one of the strongest segments of the economy. In 2020 new
If you are a Buyer looking in today's real estate market you already have realized that inventory is very low. The pandemic has caused higher prices and bidding wars on most properties. In January
Many thought 2020 was a real estate boom but based on engaging forecasts it is very likely home prices in the US will keep rising into 2022. The upward price trend is based on supply and demand,
Copyright © 2021, Metropolitan Regional Information Systems, Inc. All rights reserved. Information deemed reliable but is not guaranteed. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of MRIS. Information provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Douglas Realty - Different by Design does not
© BRIGHT, All Rights Reserved
