Splash into the June 2016 Newsletter!

Splash into the June 2016 Newsletter! Nasibitt-Bagley- Team, ERA Realty Center, Real Estate Newsletter Update! 

We hope everyone is having a wonderful summer thus far! The market has been holding steady this summer, with prices also continuing to stay steady. We have had a lack of inventory, so anyone thinking of selling a property, now would be a good time get it on the market.

From the Article, The Stats Behind the Inventory Crisis, from the MReport Magazine June 2016, “The newest emerging crisis in the housing market is in the continuous imbalance between supply and demand. Low supply of housing has been an ongoing issue, despite positive indicators from home sales and prices.”

A question that was asked to the magazine was, where does home construction currently stand compared to recent months, as well as historical averages? The magazine replied with “Home construction is on the rise right now, and it is increasing for the single-family homes as well; it’s just not hitting the pre-recession levels or the level we saw in the early 2000s during the housing boom. Whether that’s a good thing or a bad thing is not obvious.”

Following this question the magazine was asked, what incentivizes builders to increase construction levels? What holds building back? They said “Demand like we are seeing means builders can get a higher price for what they build, and high demand is the incentive to get builders to build. There are other factors that are preventing them from building, and very often those are rules.”

The magazine was then asked. What challenges are first time homebuyers facing? The magazine then replied with “The answer for first time homebuyers is really short: higher prices. That means they need to come up with more of a down payment, which is harder.”

We are still seeing a lot of new construction in the area. If you are thinking of building and would like to meet with a builder to discuss options, give us a call at 435-865-1019 to schedule a meeting today!

For your free real estate consultation, please call our Naisbitt-Bagley Team at 435-865-1019 today at ERA Realty Center and email us at bagleyteam@gmail.com. You can call or text Matt Bagley at 435-590-8788, Janet Naisbitt-Bagley at 435-559-7772 and Jennifer Corral at 435-559-0366. We would love to discuss staging your home and making sure your list price is at current market value. Do you have any problems or concerns and is there anything else we can do in order to continue to give you top service in helping your realty dreams become reality? We would love to hear from you and we love referrals!