The biggest challenge in today’s real estate market is a lack of housing inventory. How big of a challenge is the housing shortage? Here are what four industry economists are saying on the issue(emphases added):
“The underlying fundamental issue is anoverwhelming lack of supply… The supply of newly constructed homes is also sagging, adding to the supplychallenges. Over the last eight years, housing demand has increased by 5.9 million, but the net new number of housing units has only increased by 3.5 million.”
“House prices today are higher than they were at the peak in the summer of 2006, near-record-low mortgage rates have boosted housing demand, and sales volume is robust.The spoiler is the lean inventory of houses for sale.”
About Kriste Simmons & The Simmons Team of Reliant Realty ERA Powered -931-245-8800
Thank you for choosing The Simmons Team for your real estate needs! We make it our mission to provide you with top of the line services in any type of situation. We specialize in the Clarksville, Montgomery County, Fort Campbell and Hopkinsville areas, but will gladly help you with surrounding areas as well. Our local expertise and wide variety of Real Estate knowledge will benefit you whether you are buying or selling for the first or the tenth time.
"I'll start off by saying Kriste is truly an amazing person. We found a house my family and I fell in love with so we decided to start talking to some realtors. The first one we chose was definitely in no hurry to get anything done the 2nd would never answer nor return our phone calls and the 3rd was really rude and tried to force us into a contract right away. We were getting no where until the lending company referred me to Kriste. The lender said if anyone can sale your current home and get you into the new one it would be her. So we called and right away she was willing to meet. After talking to her we knew she was the one we wanted in enter into a contract with. After 4 days she sold my home and had hundreds of people talking about it online. We got to place a offer onto the new one and everything was pretty smooth after that. She truly cared about my family and I and would help with things when most people would just shut their mouth and not say a word because they don't care about anything but the sale and the money to follow. I would highly recommend her to anyone!! Not to mention she knows just about everyone in every profession and I still call her to get numbers or recommendations with things.
Thanks again Kriste!!"