There are a number of housing factors
that are contributing to the boost in our economy. Many cities are now showing an
increase in housing prices. Although inventory is not as robust, many Realtors
and agents are experiencing multiple offers on their listings. This would
indicate a shortage of properties and a surplus of Buyers.
With all that said, you will see more
and more real estate companies hiring for agents. Lenders will increase their
staffing for loan originators to funders. Contractors and developers will hire
additional workers. Most businesses that rely on the real estate cycle will
also see an increase in production. This includes lumber yards, transportation,
business services, etc.
I have personally seen more and more
new construction in areas where building has generally been non-existent. With
declines in delinquencies, defaults and foreclosures this can only mean that the
housing industry and related industries will experience a boost in business.
No comments:
Post a Comment