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Factors Behind Housing Supply Shortage: A Jeff Rutt’s Explanation The unavailability of sufficient homes for sale in real estate follows demand and supply curves, resulting in a higher cost for each unit. Yet, what would cause a shortage of housing supply when there are many people seeking to buy? According to Jeff Rutt from Keystone Custom Homes, below is how to explain low housing inventory: Equity Inadequacy To be eligible to sell a property, a person is expected to have a higher stake in its ownership. However, studies suggest that 20% of people still paying their mortgage have not acquired enough equity on their real estate to be able to sell. Due to these homes not being ready for sale, you should expect a low housing supply.
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In the event that many individuals would be inclined to sell their homes, but they won’t do it since it’s impossible for them to make profit now, you certainly expect a shortage in real estate listings. About 10 years ago, millions of homes were bought at the peak of the property boom. A lot of people that bought properties during that time are still waiting for the perfect timing to make profit, including when there are no underwater mortgages. This also an issue that causes housing inventory problems and higher prices. Lack of Buyer Interest For sure, only a couple of properties would be built in the wake of reduced buyer enthusiasm, and that does influence housing inventory. According to Jeff Rutt, factors such as price instability and inadequate supply of homes have pushed buyers, who drive the market behind the scenes, to push back their buying plans. The Perks of Owning Investment Real Estate Many people are raking in good returns as landlords from the impressive rental income they receive each month. Likewise, there’s the possibility of properties appreciating in value and fetching a greater selling price later. As such, individuals that acquire residential investment properties, for example single-family units, may not be ready to put these on sale in the foreseeable future. Also, that’s an issue that may explain low housing inventory. Insufficient Property Developers According to Jeff Rutt from Keystone Custom Homes, the low housing inventory issue may be explained by the lack of enough property developers. As a matter of fact, the 2007 financial crisis caused a lot of smaller home builders to collapse, and the few that endured resort to selling off their prime properties put aside for later development. If you go through reviews of Jeff Rutt from Keystone Custom Homes now, you’ll notice that he’s been taking part in the construction of superior quality residential properties from scratch according to plans approved by owner.