According to a recent article in RealtorMag, "Housing Shortage on the Horizon", a housing shortage is likely on its way this year. Metrostudy tracks new home inventory across the nation. According to their study of 41 cities, 78,000 homes are "vacant and for sale, or under construction-- that is less than a quarter of the new homes that fell in that category during the housing boom in 2006 and way below the level of a decade ago." So what exactly does this mean? Mike Castleman, founder and CEO of Metrostudy says that if we were seeing normal levels of home buying, these properties would sell in 2.5 months, which would create a shortage of homes. Castleman believes that is exactly where we are headed and says that now is the time to buy a home.
Want more information on the housing shortage? Visit the original article, "Housing Shortage on the Horizon", here.
Don't wait for a housing shortage in Broken Arrow, OK. To buy or sell Broken Arrow, OK. area real estate, contact Kelly Howard, McGraw Realtors, 918-230-6341 or www.kellyhowardhomes.com.
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