Housing markets all across the U.S. are suffering from serious shortages of homes for sale, and this isn’t expected to change in the foreseeable future. When I think about inventory levels and the fact that demand is clearly outstripping supply, it makes me question why homebuilders aren’t stepping up to the plate to meet all this pent-up demand.
Many people, especially real estate professionals, are anticipating President Trump’s pledge to remove regulations relating to financial services and the rollback of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
In the early 2000s, getting a mortgage was hardly difficult thanks in great part to lax lending standards. This practice eventually led to a bubble forming in the nation’s housing market — which, as we all know, subsequently burst. Since that time, the pendulum has swung the other way — to an extreme.
With all due respect to Gary Keller, I am trying to decipher why he believes that we are gearing up for a nationwide housing “shift.” Especially when the data tells us a different story.
This is a question on everyone’s mind to some extent — but it’s especially pertinent for real estate agents and brokers. Here’s what I think.
The decision of the British public to leave the European Union is a historic one for many reasons, not least of which was the almost uniform belief that there was absolutely no way that the public would vote to dissolve a partnership that had been in existence since the UK became a member nation back in 1973.
When the Federal Reserve announces a change in interest rates, it makes headlines. But does the federal interest rate directly impact your mortgage rate? See what Windermere’s Chief Economist, Matthew Gardner has to say.