Nation Faces Unprecedented Housing Shortage

Dated: March 3 2021

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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

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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....

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