Housing Challenge or Housing Opportunity? It Depends.

By
Real Estate Broker/Owner with Charles Stallions Real Estate Services

 

Housing Challenge or Housing Opportunity? It Depends.

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we’ve experienced historically.

There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we’re well below where we’ve been for most of the past 10 years. Today, across the country, there is only a 2.4-month supply of homes available for sale.Housing Challenge or Housing Opportunity? It Depends. | Keeping Current Matters

The Opportunity 

This lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. According to CoreLogic, the average home has appreciated by more than $50,000 over the past year. And for many homeowners, that’s opening new doors as they re-think their needs and use their equity to move up or downsize.

According to Dr. Frank Nothaft, Chief Economist at CoreLogic:

“The average homeowner with a mortgage has more than $200,000 in home equity as of mid-2021.”

Today, many sellers are taking advantage of low-interest rates and the equity they have in their homes to make a move.

Bottom Line

For your NEXT Move Call or Text Charles Stallions NOW 850-476-4494 for a 5 Minute free over the phone evaluation or Email: charles@charlesstallions.com for a complete package to review at the stage you are in, no high-pressure sales pitch or obligations 

We are ambassadors to the Gulf Coast of Florida got a question just email us or text us. 

Hello, my name is Charles Stallions, CRS, Broker/ owner of Charles Stallions Real Estate Services. Our family of licensed agents can show you ANY home on the market and many that are Coming Soon and would love to show you around our local Gulf Coast Area, from Pensacola to Pace to Gulf Breeze we will be your ambassadors to the area.

We can help you relocate, find a job, a daycare, great places to eat shop, and play along the gulf coast. It all starts by clicking here. Put my 25 plus years to work in your best interest. Call, text 850-476-4494 or email us  

 

Comments (1)

Bill Salvatore - YVP Blog
Arizona Elite Properties - Chandler, AZ
Realtor - Valley of the Sun / golfArizona@cox.net

as we decide is the glass half empty, or half full/  Perception

 Today is Monday, with a short week.  Make it a productive one. Thanks again for the post. bill 

Nov 22, 2021 05:30 AM