Spring 2022 Market: Boston Real Estate Shortage
We're having nothing short of a crisis. Stay tuned. Welcome back to Stay Focused, Focus Real Estate's weekly, I mean weekly, are you watching 'em every week? You'll be quizzed later. Our weekly video series. In the entire country we're a shortage of inventory. Everywhere you look, buyers are scrambling. Why is that? The COVID crisis has increased the amount of time that people are living in their homes from traditionally, which varies between six and seven years to 13 years.
That is 50% less inventory than we traditionally have in our market. Two, we have half the housing starts that we traditionally have. Builders are not building enough new supply. On top of that, we have really low interest rates. And people making all kinds of changes they hadn't been making before. What does this mean for you? Is it time to make that move that you've been wanting to make? Prices are extraordinarily high.
What is the price that makes you a seller? Everybody will be a seller for one price or another. I know that sounds really aggressive, right? But at this point, we have to be aggressive because people are looking for homes, and we're just trying to fill their needs, right? So, what price is it that makes you a seller? I'd love it if you'd instant message me or send me an email and let me know, because you might be surprised at the value of your home today.
Thanks for watching, and if you have any questions please feel free to reach out. And until next time, stay tuned and stay focused.
I kinda want a big wig and like pull my hair.