Real estate is keeping me busy
Posted by JimOr maybe my phone is working better these days. More buyers are coming out onto the market. Perhaps this long real estate winter is drawing to a close. It always has to get ugly before it gets better. I have welcomed all of the bad word because you need to hit bottom. Like an alcoholic on a bender, we needed to dry out.
I got an interesting email from Alan Nevin, a well known consultant for the local development industry, concerning land. Alan notes that there are only 600 finished lots in the inventory. For those not familiar with this lingo, all you need to know is that it takes years to go from some guy’s orchard to a lot ready to begin grading.
This means future shortages in homes. I think downstream we will see a crunch in all housing sectors as any new supply of apartments is also going to be miniscule.
