Real Estate in St George
Karey Maniscalco
435-703-4584435-703-4584

End In Sight For Historic Housing Shortage?

One of the biggest challenges facing buyers in today’s market is finding a home. According to Realtor.com’s recent Housing Shortage Report, the US is experiencing its most severe worst inventory shortage in twenty years. And that lack of inventory is driving up prices, making it an ideal market for sellers. In many markets across the country, homes are going for well above asking price because there simply isn’t enough supply to meet the demand.  

But it looks like the end of this historic housing shortage may by on the horizon. In a recent article on housing trends, the economics team at Realtor.com predicted the second half of 2018 would see a major uptick in inventory thanks to new construction. And according to the same article, if inventory increases as predicted, that could mean the first net inventory gain in over three years.

The Takeaway

If you’re thinking about selling, now is the time to make a move. When the market cools down and there are more homes available, buyers are going to have more options—and the price you could get for your home in fall 2018 may be significantly lower than what it would fetch today.

 

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About Karey Maniscalco

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Karey Maniscalco

Realtor- Realtypath

kareysells@gmail.com

435-633-9080435-633-9080 main

Karey Maniscalco & Associates with RealtyPath

113 East 200 North St George, UT 84770

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Reviews

5nicole danny

Karey was great!! She went above and beyond to find my family the perfect home. We were first time buyers and she took the time to explain things to us, she was on top of all the paper work and emails & walked us through the whole process !

5Jamiej4

Karey is a top notch Realtor! I highly recommend her! She goes above and beyond and works hard to get what you want in buying and selling of your home! I have used other realtor's and would never use anyone other than her again!

5AlisaBrewer666

I am absolutely DELIGHTED to offer my review of Karey. We contacted her at the beginning of February, 2016. We had been offered a purchase price on the house that we had been renting for a year....and we had NO IDEA what to do next. My friend, who bought... (more)

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