Some experts expect a rise in non-distressed markets when compared with the distressed markets because they do not need to work through a big inventory overhang.
In non-distressed markets the existing home inventory is lower, with some studies putting it at seven months worth of inventory. The theory holds that moderate increase in demand will translate into strong gains in both prices and new construction.
Moody's Analytics expects prices will rise three to four points faster than inflation for the next few years in virtually every non-distressed US home market. Moody's believes prices will increase in line with rents, which are now growing quickly because of a tightening of supply.
Please see our previous posts on individual US housing markets. Also, we argue that even in distressed markets there are strong sub-markets that have not had as big of an impact. We think these areas are also ripe for a rebound in line with the non-distressed markets.
If you are thinking of selling or buying a home, or require more information, please feel free to contact me. Please text me your name, phone number and e-mail address to the number below and I will provide information requested.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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