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.