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Margo Borkin

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Epic Housing Shortage Being Reported

Epic Housing Shortage Being Reported | Simplifying The Market

The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study.

The first two revelations centered around the shortage of housing inventory currently available in both existing homes and new construction.

Regarding Existing Home Inventory:

“For the fourth year in a row, the inventory of homes for sale across the US not only failed to recover, but dropped yet again. At the end of 2016 there were historically low 1.65 million homes for sale nationwide, which at the current sales rate was just 3.6 months of supply – almost half of the 6.0 months level that is considered a balanced market.”

Regarding New Home Inventory:

“Markets nationwide are still feeling the effects of the deep and extended decline in housing construction. Over the past 10 years, just 9 million new housing units were completed and added to the housing stock. This was the lowest 10-year period on records dating back to the 1970s, and far below the 14 and 15 million units averaged over the 1980s and 1990s.”

Bottom Line

The biggest challenge in today’s market is getting current homeowners and builders to realize the opportunity they have to maximize profit by selling and/or building NOW!!


Source: KMC

Posted in: For Sellers, Housing Market Updates, New Construction Tagged: Real Estate

© Margo Borkin Real Estate 2010

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Domino's Pizza will now deliver directly to beaches, parks

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The Ann Arbor-headquartered pizza chain announced on Monday, April 16 the launching of more than 150,000 Domino's Hotspots, locations without traditional addresses where customers can receive delivery orders.
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Maybe save the painting for a warm, spring day... 🤔 ... See MoreSee Less

How to Paint a House: The Easy Way to Paint the Exterior of Your Home

zillow.com

To paint your home's exterior, first use a pressure washer or a scrub brush and hose to wash away debris, mold, and mildew. Next, repair any holes; replace caulking and rotted trim or siding; and apply primer. Finally, paint the siding. You will probably need to apply two coats.
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Margo Borkin Real Estate added 15 new photos.

2 weeks ago

Margo Borkin Real Estate

OPEN HOUSE this Sunday 1-4pm!

1996 LIBERTY Street N, Canton Twp 48188

MR. AND MRS. CLEAN LIVE HERE SO JUST PACK YOUR BAGS AND MOVE RIGHT IN. YOU WILL SEE PRIDE OF OWNERSHIP AS SOON AS YOU STEP IN TO THE SPACIOUS FOYER. 4 BEDROOMS, 2 ½ BATHS

Contact me if you'd like more information or a personal showing!
... See MoreSee Less

OPEN HOUSE this Sunday 1-4pm!

1996 LIBERTY Street N, Canton Twp 48188

MR. AND MRS. CLEAN LIVE HERE SO JUST PACK YOUR BAGS AND MOVE RIGHT IN. YOU WILL SEE PRIDE OF OWNERSHIP AS SOON AS YOU STEP IN TO THE SPACIOUS FOYER. 4 BEDROOMS, 2 ½ BATHS

Contact me if youd like more information or a personal showing!
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