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Does anyone think we are heading for a housing shortage?

By Michelle Quackenbush

Real Estate Broker/Owner with RE/MAX Premier Proeperties

April 28, 2016 06:09 AM

I believe we are headed for a housing shortage in the Phoenix Arizona area. We have 3.79 month supply of inventory on the market for the month of March 2016. Builders have not been building to keep up with the population growth. Houses under the $250,000 price range are receiving multiple offers and buyer's are bidding more than asking price. This shortage will make 2005 prices look cheap!

My question to my real estate community is, do you think we are heading for a housing shortage?

Michelle Quackenbush

RE/MAX Premier Properties

602-999-2627

www.ArizonaHousesOnline.com

www.LuxuryHomesScottsdale.com

ReMaxQ@gmail.com

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Shawn and Angela Miller

Berkshire Hathaway HomeServices Amabassador Real Estate - Lincoln, NE

Lincoln and Omaha, NE REALTORS®

I think we are already there. I was on our MLS this morning searching around and the whole time I was saying under my breath.... there's nothing out there. I guess, if your wanting to sell, it's a perfect time! Just name your price!

Apr 28, 2016 06:58 AM

Michele Cadogan 917-86...

Brooklyn, NY
Michelle Quackenbush

Scottsdale, AZ
Shawn and Angela Miller

Lincoln, NE

you are probably right and I think it is going to get worse and the prices are going to make 2005 look CHEAP!

Apr 28, 2016 07:09 AM

Michele Cadogan 917-861-9166

Fillmore Real Estate 2990 Av U, Bklyn , NY 11229 - Brooklyn, NY

Licensed Real Estate Associate Broker -

Looks that way and and the afforadable rental market is following the same path.

Apr 28, 2016 08:29 AM

Jack Schiavo

AmeriFirst Financial, Inc. - Gilbert, AZ

Mortgage Financing in Arizona

As a Mortgage Loan Originator in the Phoenix market, I have numerous well qualified borrowers, selective though they may be, who have missed out on numerous homes in the sub $300,000 price arena. Thinking about a home you like means it will likely be gone. What is needed is for Sellers to come into the arena

Apr 28, 2016 09:09 AM

Does anyone think we are heading for a housing shortage?

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Michelle Quackenbush

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