This off MLS exclusive is priced to sell and will not last. Click here for more information, and to schedule a showing. ***
Following up on past newsletters about the looming housing crisis in the US, here's a great summary from Barron's:
"As a nation, we’ve gone from overhoused to underhoused. When a population of our size grows by 2.5 million to three million people a year, new housing production would normally be 1.5 million units a year. For nearly six years, it’s closer to 850,000. A huge gap has been created. There is opportunity."
The gap is large now, and getting large with each passing month. Real estate is one of the few asset classes with solid fundamentals behind it. This is Economics 101, with supply lagging demand. Unlike many industries, supply of housing can't be ramped up quickly.
As the analyst quoted in Barron's stated, or perhaps understated: there is opportunity.
***
Closings Slow week given the holiday, just 4 closings, and $6.6 million in total sales. Listings
11 new listings on the MLS this week. Two are already under contract.
Just one standout this week:
Hillside with Spectacular Views There are views and there are VIEWS. This home is perched high upon Mummy Mountain. Over 6,000 square feet on 2 acres with a pool, this home has been reduced from its previous listing to $3 million.
To see: - Unlisted "private sale" properties not on the MLS, please click here.
- This week's new MLS listings please click here.
- Everything on the MLS in Paradise Valley please click here.
That's all for this week, I'll be back in next week with all the latest in Paradise Valley real estate.
Sincerely,
Alex Goldstein (480) 442-7325
p.s. Why keep your money in savings when it can earn 6-15% per year? Learn about cash flowing real estate here.
Disclaimer: All information is believed to be accurate, but should be verified by the reader and is provided without warranty. Please consult appropriate financial, tax, legal, and real estate advisors before making decisions. This email is not intended to solicit people who are represented by another agent.
(c) 2016 Alex Goldstein PLLC
|
