Last week I came across three articles predicting a major change in the National housing market. Sources from Forbes, ABC News and The Philadelphia Inquirer concur that by 2011 the Nation could be experiencing a housing shortage.
I can not stress enough the fact that "ALL REAL ESTATE IS LOCAL". Through out the "National housing crisis" we saw devastating effects across the country in various markets that experienced dramatic declines in sales, huge percentage drops in prices and a massive amount of short sales and bank foreclosures. Thankfully the effects on the Shore market were not comparable.
However, articles likes these change the mind set of the public at large, including Buyers and Sellers, so it is
good to be aware of what the media is putting out there.
Here are the links to these articles. Your comments are always welcome:
http://realestate.msn.com/article.aspx?cp-documentid=23505825
http://abcnews.go.com/Business/us-face-housing-shortage-2011/story?id=9853626
http://seattletimes.nwsource.com/html/realestate/2011493819_realshortage04.html?syndication=rss
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