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

Share:

Listens: 0

Real Estate Realities With Robert "The RebelBroker" Whitelaw

Business


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   HELP THE SHOW GROW by filling out the audience demographic survey by clicking the button at the top of the page titled "Take the survey to support the show". Follow the prompts and this will automatically enter you for a chance to win a $50 Amazon Gift card! Interested in getting free content, advanced notice of upcoming events and real estate exclusives? Then simply join the Rebel Underground by texting the word 'rebelbroker' to 44222 - or click the button below. When prompted, text your email address and you are in! JOIN THE REBEL UNDERGROUND! SPONSOR Audible.com - Audible is offering real estate realities listeners a free audiobook of your choice and a free 30-day trial membership. Just go to http://audibletrial.com/rebel and choose from over 180,000 audio programs – download a title free and start listening! SUBSCRIBE TO AUDIBLE TODAY AND CLAIM YOUR FREE BOOK AND 30 DAY TRIAL! #realestate,#investing,#realestateinvesting,#entrepreneur,#predictions, #2020,#Realty,#Realtor,#Realestateagent,#Homeforsale,#singlefamilyresidential,#Househunting,#duplex,#triplex,#apartments, #newhomes,#homeconstruction