Hello friends, I hope you've had a relaxing weekend and that you're looking forward to the week to come!The WNC real estate market is still VERY robust! We're seeing offers come in on our
Home Building Over the Past Decade
Dated: August 3 2020
Anyone who has been in the market for a new home lately has no doubt confronted one of the most basic economic laws - The Law of Supply and Demand. When a particular good (such as housing) is scarce, but in high demand, the price of that good will rise. While undersupply may not be the only factor impacting home prices, after reading this article by NAHB Chief Economist, Robert Deitz, we think the extent of this impact cannot be overstated.
This article provides an outstanding overview of home building over the past decade, highlighting the incredible deficit of new homes built compared to previous decades, despite continued population growth and new household formation.
If you are thinking about building a home in the Asheville or Western North Carolina area, or if you are a builder or developer looking for new development opportunities, please do not hesitate to reach out with any questions - and make sure to check out our exclusive BUILD AGENT® services.
With a lifelong passion for real estate and extensive background as an investor, developer and broker, Kevin draws upon a unique combination of knowledge, experience and practical insight in helping c....