Real Estate in 2020 - Sales Up, Inventory Down! New Homes Coming!

The numbers indicate that the home selling season in 2020 is likely
to be nuts!

The news is not so great for buyers but strong for sellers of
single family homes in 2020. With inventory dropping while demand
increases, we are looking at a lead in to 2020 where unless we
see an uncharacteristic increase in the number of home owners
that list their home for sale, the competition for the homes
available for sale is going to be fierce!


One piece of good news is that new home construction has shown a
big jump over the last couple of months. While permits are down
month to month in the most recent showing, we are still ahead of
last year. So at least we will be seeing home builders bringing
more single family homes on-line than we have seen at any time in
the last 13 years! It still is not likely to be enough, but it
might just keep things from going completely nuts!


Here is a link to a great graph that will let you explore the
home building trends over the years. To give you a feeling for
what the numbers of done over the last 25 years, here is that
graph.


Take a look at that jump for the most recent months. That is a
dramatic increase that gets us to just about where we were in
2007!


For all that and more, check out todays podcast!


Links:



https://www.calculatedriskblog.com/2020/01/car-on-california-december-housing.html?


https://www.wmbfnews.com/2020/01/18/us-housing-construction-jumps-december/

https://tradingeconomics.com/united-states/housing-starts



 


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#2020,#Realty,#Realtor,#Realestateagent,#Homeforsale,#singlefamilyresidential,#Househunting,#duplex,#triplex,#apartments,
#newhomes,#homeconstruction