The number of building permits issued for single-family homes is the best indicator of how many newly built homes will begin to come to market over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Construction Report, the number of building permits issued in January was 1,551,000. This is a 9.2% increase from December.
Today, because of the tremendous lack of inventory, a seller can potentially anticipate:
1. A great sale price on their house as buyers engage in potential bidding wars.
2. A quick sale as buyers have little inventory to choose from.
3. Fewer hassles as buyers want to smoothly secure a contract.
If you’re considering selling your house, you’ll want to list sooner rather than later. This way, you’ll get ahead of this new competition coming to market and ensure the most attention toward your listing and the best price for your house.
Call or send us a DM if you are looking to buy real estate investment or even sell your investments.
Awni and Chantell Abbas
"AWNTEL"
Realtors specializing in Real Estate Investing
Sell • Buy • Invest • Multi-Units
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