Inventory is low, prices have been going up and interest rates are starting to move up.
New construction may be able to save the day…
Naples, FL- February 2018:
Here are the articles you want to read and learn more about the new construction shortage in SW Florida.
Inman News: Redfin reports that prices are up and inventory is down nationally, they also state that buyers will not shy away even if interest rates clime to 5%.
NAR informs that housing starts in January have seen a 10% increase…YAY New construction saves the day!
FAR: Despite Last month’s uptick, builders have not been putting up homes fast enough to meet demand…WHAT??? PAY ATTENTION SW FLORIDA!!! Not enough new construction in Florida? Also, mortgage rates are creeping up meeting the highest level since 2014.
And finally…our local, Naples Area Board of Realtors Report…
Prices are up, Inventory is down…we really need more new construction.
Let’s talk about it. Are you ready to buy or sell? This may be the perfect time to do it.
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