Could we end up with a housing shortage?

Posted by on Aug 4, 2010 in Blog, Market Updates | 0 comments I just read this article at SmartMoney.com about the possibility of a housing shortage in the future.  This is not something you’d think could happen; particularly when so many people are having trouble selling their homes.   When you step back and think about it, it does make sense.  Right now only about 600,000 new homes are being built each year, but we need about 1.3mil to 1.4mil...
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Home Resales Boom Into The End Of The Tax Credit; Home Values Seen Rising.

Posted by on Apr 23, 2010 in Blog, Buyers, First Time Home Buyers, Home Values, Luxury Homes, Market Updates, Sellers, The Economy | 0 comments Existing Home Sales rose in March, as expected. U.S. home buyers closed on 7 percent more homes as compared to February. Furthermore, versus March 2009 — a month many people equate to the low point of the U.S. economy — sales volume was up 16 percent. “Existing home sale” is the technical term for a home resale; a home previously inhabited by a person.  It’s the...
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Housing Starts Data Hints That Housing Will Expand Even After The Tax Credit Expires

Posted by on Apr 20, 2010 in Blog, Buyers, First Time Home Buyers, Home Values, Market Updates, Sellers, The Economy | 0 comments After a strong March showing and a surprise upward-revision for February, Housing Starts are, once again, trending better. It’s yet another signal that the housing market nationwide is stabilized. A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month. This marks the highest 6-month average...
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