Is there a shortage of inventory post Harvey that will drive up values or is it just hype?
974Many sellers that weren't flooded during Harvey are guardedly excited about the perceived increase in attractiveness of their homes. What are your sellers saying? What is your position?
2 answer(s)
About 6 years ago
I have had several sellers call me and my answer is very simple. There where thousands of homes that where either completely destroyed or need extensive work. They where on the market and now havery to be retracted due to the work, time, and money needed to get it back to where it was or better. There are still somewhat of the same amount of buyers out looking for homes. The math just leans towards an evolving, strong, buyers market.
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DislikeAbout 6 years ago
HI Greg,
I have been watching MLS very close to see the types of homes moving to withdrawn and then what homes are having the new Flooded field set to No. There was a shortage of modestly priced homes before and it seems that a number of the areas with these homes did not flood. There is only a shortage if there are buyers looking/buying. I think a number of buyers are now busy and not serious. Others may see something different, but I am not convinced we have a shortage of homes for sale. What we have is an extreme shortage of homes to lease for 4 to 12 weeks.
Michael Jobin
C&K Properties
713.545.2314
I have been watching MLS very close to see the types of homes moving to withdrawn and then what homes are having the new Flooded field set to No. There was a shortage of modestly priced homes before and it seems that a number of the areas with these homes did not flood. There is only a shortage if there are buyers looking/buying. I think a number of buyers are now busy and not serious. Others may see something different, but I am not convinced we have a shortage of homes for sale. What we have is an extreme shortage of homes to lease for 4 to 12 weeks.
Michael Jobin
C&K Properties
713.545.2314
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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