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Inventory needs to increase to balance housing market: Fed Beige Book

Housing Wire

Elsewhere, rents have generally been steady, though one contact in upstate New York noted that already high rents have continued to trend up. Philadelphia – Homebuilders continued to report weak demand and a modest decline in contract signings for new homes. Rental vacancy rates, while still quite low, have risen modestly.

Inventory 375
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Will Springer Realtor - Untitled Article

Will Springer Realtor

Government planners in our four-county region have until the end of this year to revise and then implement by mid-2025 their Comprehensive Plans for growth management to provide adequate space for housing, transportation and services (among many other aspects) to all its residents for the next 20 years. The listing video is mesmerizing.

HOA 36
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A CALL FOR MORE ACCESSORY DWELLINGS AMID HOUSING CRUNCH

Will Springer Realtor

ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% year-on-year (YoY).