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Epic Housing Shortage Being Reported

July 7th, 2017 by tisner
Epic Housing Shortage Being Reported | MyKCM

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!!

By: KCM Crew

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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Tips for Buying Land to Build On

July 3rd, 2017 by tisner

If you have decided you want to buy land to build on instead of buying an already built home, there are a few things you need to consider first.  The biggest thing you need to consider before buying land is whether you want to live in the country or the city.  Do you want acreage or do you want neighbors, or perhaps both?  Below are a few tips for buying land that may be of some help to you.

  1.  If cost is important to you then you may want to purchase land  out in the country instead of the city.  The price for buying a spot of land in the city is a lot more expensive and the size of the land will be much smaller as well.  If you like to have your space then buying a lot of land out in the country may be just the thing for you.
  2. Once you have decided where you want to live, city vs. country you then will need to go to the land you are considering and look around.  Look up and see what there is to see.  Do you see a lot of cars passing by or do you see a school close by or a factory?  All of these things can become issues for you when buying a piece of land so be sure to pay attention to all of your senses when on the land, sights and smells.
  3. Find out what the zoning requirements are on the land you want to build on.  You may have plans to build a small home on your land when the zoning requirements are that you build a house that is at least 2,000 square feet.
  4. Pay attention to how close the land you want is to water.  Are there any flooding problems?  Have there been problems in the past?  These are things you need to think about.
  5. You also need to find out about the water quality on any land you are considering purchasing.  Find out if the water is pure or if you will need to purchase a water filtration system for your home once you build.  These types of things can be costly so be careful to ask as many questions as you need to get the answers you need.

Hiring a Real Estate agent to help you find land to purchase  is the best thing you can do because they already know all of these tips and can help lead you in the direction that is best for you and your family.

Access Teri’s one-stop Orlando FL home search website.

Teri Isner is the team leader of Orlando Avenue Top Team and has been a Realtor for over 24 years. Teri has distinguished herself as a leader in the Orlando FL real estate market. Teri assists buyers looking for Orlando FL real estate for sale and aggressively markets Orlando FL homes for sale.

You deserve professional real estate service! You obtain the best results with Teri Isner plus you benefit from her marketing skills, experience and ability to network with other REALTORS®. Your job gets done pleasantly and efficiently.  You are able to make important decisions easily with fast, accurate information from Teri. The Orlando Avenue Top Team handles the details and follow-up that are important to the success of your transaction.

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