The lack of supply, overwhelming demand, and bustling economy has brought attention to America’s housing shortage. The shortage has been a decade in the making do to underwhelming growth in US housing inventory following 2008. The National Association of Realtors estimates over the past decade + an under-building gap of 5.5m to 6.8m homes was created and remains today. New and resale inventories remain at multiyear lows paired with near record low interest rates is causing home prices to skyrocket, worsening the home affordability crisis in the US. The solution is to increase the supply and bring the market back to equilibrium though experts warn this will take years.
More resources
TSA Throughput 2019 vs. 2020
I flew down and back to Raleigh yesterday for a lender inspection, and both flights were completely full. This morning, I checked the TSA website
13 December, 2021
Renter Retention at Historic Highs
Renter retention, or the percentage of renters who renew their leases is at a historic high. With shelter in home restrictions over in all states,
26 October, 2021
Gen Z Leading the Charge Back to Rentals
Renters are back in force across the country. Rent Cafe notes that rental activity is back to pre-pandemic levels up 13% from one year ago.
6 October, 2021
It’s Not Too Late to Refi
If you have considered refinancing your primary residence but haven’t pulled the trigger, the time is now. Refinance rates are nearing a low for the
25 August, 2021
2021 Mid-Year Multifamily Outlook
Freddie Mac’s Recent Mid-Year Multifamily Outlook Revealed their bullish sentiment for the second half of 2021 as they are tracking record setting origination
5 August, 2021
Unsung Heroes- Public Insurance Adjusters
Who’s your first call when you have a burst pipe or fire? A pipe burst in one of your second floor units and the ceiling
8 July, 2021