Get investor-first lending on your next investment property with Ridge Lending Group: https://ridgelendinggroup.com/
Home prices could stay high until housing supply starts to change. With growing demand and limited supply, homebuyers have had to fight tooth and nail to get the house they want. Is there any hope on the horizon for more housing supply to head our way, or have high interest rates pushed us to the point of no return with a real estate market that never offers enough supply to meet demand? Let’s find out!
A new report from Realtor shows that demand has continued to outpace housing supply, EVEN after years of improvements in new construction. With housing supply falling in 2023 and demand rising even more, how long could this last? And if you’re looking to buy a home this year, should you wait for more supply to hit the market or take your chances and start bidding now? We’re giving you all the data so you know what’s coming!
Get the best funding and financing for your next investment: https://ridgelendinggroup.com/
~~~~
Join BiggerPockets for FREE 👇
https://www.biggerpockets.com/signup?utm_source=owned_media
~~~~
Find an Investor-Friendly Agent in Your Area:
http://biggerpockets.com/agentmatch
~~~~
Find Investor-Friendly Lenders:
http://biggerpockets.com/findlenders
~~~~
Check Out More Episodes of “The Data Show”:
https://youtube.com/playlist?list=PLgSUZKLPRI9vHmKt2TaUkBMBxW_3QHCPh&si=cY6GmWluKUUC2-Ex
~~~~
Realtor Report on US Housing Supply:
https://www.realtor.com/research/us-housing-supply-gap-march-2023/
~~~~
HousingWire CEO: This Inventory Shortage Could Last Decades:
https://www.biggerpockets.com/blog/on-the-market-153?utm_source=youtube&utm_medium=description&utm_campaign=none
~~~~
Hear Dave on The “On the Market” Podcast:
https://link.chtbl.com/OTM
~~~~
Watch Dave on the “On The Market” YouTube Channel:
https://www.youtube.com/channel/UCxDXuLvtjJ9Est8PrG3i2VA
~~~~
FRED Housing Starts:
https://fred.stlouisfed.org/series/HOUST
~~~~
Connect with Dave:
BiggerPockets: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @thedatadeli or https://www.instagram.com/thedatadeli/
FRED® Graphs Federal Reserve Bank of St. Louis. 2024. All rights reserved. All FRED® Graphs appear courtesy of Federal Reserve Bank of St. Louis.
00:00 What Does Inventory Look Like?
01:05 Sponsor: Ridge Lending
02:00 Why New Construction Tanked
03:29 Demand Has Outpaced Supply
05:54 Is It Getting Worse?
07:57 Home Prices Could Stay High
10:06 Grab the Report!
source
Comments are closed.