The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue(emphases added):
“The underlying fundamental issue is anoverwhelming lack of supply… The supply of newly constructed homes is also sagging, adding to the supplychallenges. Over the last eight years, housing demand has increased by 5.9 million, but the net new number of housing units has only increased by 3.5 million.”
“House prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust.The spoiler is the lean inventory of houses for sale.”
I’m a Real Estate Professional by day, aspiring Tennis Pro by night.
I am originally from London, England however I moved to Westlake Village, CA to start my IT company in 1998. For the last 16 years I have lived in the DFW metroplex with the last 9 years being in Frisco Texas with my three delightful children.
As a professional REALTOR®, my focus is on client satisfaction. My years of business experience have provided me the tools to assist you with nearly every real estate need. Whether it’s finding you a home or helping you get the most out of selling your home I am here to guide you. I offer a unique perspectives on Frisco TX homes & subdivisions.
More Americans Say Now is a Good Time to Sell! Recently relea
"Nick Walton made the search for our new home an easy one! As first time home buyers it was important to us to use a realtor who took the time to explain the whole home buying process step by step and Nick did just that. Once we found the home we wanted Nick made the whole process easy by letting us know ahead of time what to expect and what he was going to need from us. He treated us not just like client, but as a friend, which made the whole experience stress free, and actually fun."