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Here’s what we know, and why laws and attitudes need to change. Affordable starter homes have always served as the entry point in the housing market, which creates the ripple effect for the rest of the market. The average time housing inventory remains on the market has dwindled to less than four months.
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We must preserve the ability for people of different incomes to locate and live in all of Denver’s neighborhoods. Would you be in favor of using city land for affordable housing? Yes, I will find ways.
Most supply metrics focus on quantity, but location and quality also matter. Similarly, if most new households are families with young children, they are unlikely to move into studio or one-bedroom apartments. Because housing varies widely in quality and underlying characteristics, local inventory shortfalls reflect more than a mismatch in quantity of production.
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While we remain skeptical that "shadow inventory" will actually be dumped on the market all at once by banks, we must remain. be the result of a lack of credit worthy borrowers. Consumer demand.
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We Must Fix the Lack of Housing Inventory Posted on June 1, 2017 by David Catino in Blog , Market Updates , Sales It is getting harder and harder for first-time home-buying because the supply of single-family homes has decreased for 21 consecutive months.
Lack of Housing Inventory Makes Headlines, but There’s More to the Story Posted by Total Expert Team On February 21, 2017 0 comments read industry headlines or talk to just about any Realtor and you’ll hear about tight housing inventory.
Lack of housing inventory continues to plague real estate market. Real estate inventory is extremely low in this current market. This has allowed the market to put upward pressure on prices even though sales volume is low.