by Anthony | Dec 27, 2021 | 2021 Topics, Housing, Inventory Shrinkage, Real Estate News
Home owners in the United States gained over $9 trillion in property value over the last year as a result of the strongest housing market in history. This surge in value is fueled by the historic shortage in available homes for sale, which on many markets is under...
by Anthony | Oct 21, 2021 | 2021 Topics, COVID19, Inventory Shrinkage, Rentals
As buyers over the last 15 months have eaten away at the inventory within the single-family home market, much of the rental inventory has been sold creating a similar shortage of homes available for rent. Even though it appears that the housing market is slowing down...
by Anthony | Sep 13, 2021 | 2021 Topics, Existing Home Sales, Inventory Shrinkage, NJ Real Estate News
Scarcity – Is a Real Seller’s Mindset The one product and service that never goes out of style is scarcity. Once a product or service is considered to be scarce, it becomes a matter of time when those prices to obtain it rise to a level that fulfills the...
by Anthony | Sep 2, 2021 | Construction, Housing, Inventory, Inventory Shrinkage, NJ Real Estate News, Real Estate News
White House Wants to Solve the Inventory Crisis According to a number of reliable sources, the White House has begun to develop plans to build in excess of 2 million homes to restore some of the shortage of affordable housing to the market. The shortage of existing...
by Anthony | Aug 26, 2021 | 2021 Topics, Existing Home Sales, Inventory Shrinkage, New Jersey News, NJ Monthly Sales Reports, NJ Real Estate News
The White House recently announced additional measures to help struggling homeowners avoid foreclosure as they exit forbearance, including loan modifications and payment reductions. Borrowers with federally backed mortgages can lock in lower interest rates and extend...
by Anthony | Jul 27, 2021 | Housing, Inventory, Inventory Shrinkage, lumber, Millennials
What is clear is that the current housing market doesn’t follow the traditional paths it had traveled during the years 1999-2019. The pandemic changed all of that. But behind the scenes, what was slowly taking place was the erosion of available existing homes...
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