Frederick MD | Epic Housing Shortage Being Reported

 

Frederick MD Local Market Tidbits:

In order for us to provide comprehensive real-time market data and in-depth analysis for the benefit of all our clients, we use this blog to bring you our expertise and provide you with world class service

From an advisory point of view, our local knowledge will benefit you financially when buying a home through us.

From a valuation point of view,  our marketing expertise will augment the results you are looking for when selling a home.

From an activity point of view, these neighborhood in Frederick are the most active: 

 

- Fort Detrick

- Wormans Mill

- Ballenger Creek Center

- Clover Ridge (Hill) 

- Monocacy (Park, Crossing, Mile) 

- Taskers Chance

- Hillcrest orchards

- Monarch Ridge

- Holly Ridge

- Manors At Ballenger

- Spring Ridge

- Brunswick & Brunswick Crossing

 

 

Today I want to talk to you about Epic Housing Shortage Being Reported

 

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.

The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.

 

Regarding Existing Home Inventory:

“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.”

 

Regarding New Home Inventory:

“Markets nationwide are still feeling the effects of the deep and extended decline in housing construction. Over the past 10 years, just 9 million new housing units were completed and added to the housing stock. This was the lowest 10-year period on records dating back to the 1970s, and far below the 14 and 15 million units averaged over the 1980s and 1990s.”

 

Bottom Line

The biggest challenge in today’s market is getting current homeowners and builders to realize the opportunity they have to maximize profit by selling and/or building NOW!!

 

We fully understand that buying or selling a home is more than just a business  transaction between two people. 

We know how it affects your family and we know the experience could affect the quality of your life.

That’s why our team of highly-seasoned real estate professionals are dedicated to providing you with exceptional services at a local level.

Our pride is our personal touch that we use to connect with our clients, 

where our goal is to build a long-term relationship based on trust and service.

Let us help you achieve all your real estate goals. 

Give us a call now.

 

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To reach us, please call 301-246-0001

or send us an email  info@ReallyNiceHomes.com

 

Thinking of selling your home? Let Fernando take over the marketing of your property with our unique 99 STEPS system 

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