{"id":2155,"date":"2021-10-27T12:02:49","date_gmt":"2021-10-27T12:02:49","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2155"},"modified":"2021-10-27T12:02:49","modified_gmt":"2021-10-27T12:02:49","slug":"housing-challenge-housing-opportunity-depends","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/housing-challenge-housing-opportunity-depends\/","title":{"rendered":"Housing Challenge or Housing Opportunity? It Depends."},"content":{"rendered":"
\"\"

Housing Challenge or Housing Opportunity? It Depends.<\/p><\/div>\n

The biggest challenge in real estate today is the lack of available homes for sale. The low housing supply has caused homes throughout the country to appreciate at a much faster rate than what we\u2019ve experienced historically.<\/p>\n

There are many reasons for the limited number of homes on the market, but as you can see in the graph below, we\u2019re well below where we\u2019ve been for most of the past 10 years. Today, across the country, there is only a\u00a02.4-month<\/a>\u00a0supply of homes available for sale.<\/p>\n

\"\"

Months Inventory of Homes for Sale<\/p><\/div>\n

\n
\n
\n

The Opportunity<\/strong>\u00a0<\/strong><\/h4>\n

This lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. According to\u00a0CoreLogic<\/em><\/a>, the average home has appreciated by more than $50,000 over the\u00a0past year<\/a>. And for many homeowners, that\u2019s opening new doors as they re-think their needs and use their equity to move up or downsize.<\/p>\n

According to\u00a0Dr. Frank Nothaft<\/a>, Chief Economist at\u00a0CoreLogic<\/em>:<\/p>\n

\u201cThe average homeowner with a mortgage has\u00a0more than $200,000 in home equity<\/strong>\u00a0as of mid-2021.\u201d<\/em><\/p><\/blockquote>\n

Today, many sellers are taking advantage of low interest rates and the equity they have in their homes to make a move.<\/p>\n

Bottom Line<\/strong><\/h3>\n

The biggest challenge in real estate is the lack of homes for sale, but this challenge is also an opportunity for sellers. If you\u2019re thinking about selling your house, let\u2019s connect to start the process.<\/p>\n<\/div>\n<\/div>\n<\/article>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

The lack of homes for sale is creating a challenge for many buyers who are growing frustrated in their search. On the other hand, this is a huge opportunity for sellers as low supply is driving up home values. Finish Reading Housing Challenge or Housing Opportunity? It Depends.<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[15,10,18,16,27,52,9,66,49,42,23,40,391,252,350,63,20,12,48,28,326,54,253,47,19,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2155"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2155"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2155\/revisions"}],"predecessor-version":[{"id":2158,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2155\/revisions\/2158"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2155"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2155"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2155"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}