Check out this Forbes article on the investment housing market!

[Faith Importico]

Hey folks, take a look at this article from Forbes magazine. https://www.forbes.com/sites/r...

The article takes a closer look at its current state, and boy, do opinions and reports vary like a wild rollercoaster ride. Kurt Carlton, at New Western, steps up to the mic and hammers home the importance of policymakers encouraging private investment in housing, especially for folks earning less than the median income. But hold onto your hats, because despite predictions of a slowdown due to rising interest rates and market uncertainty, newly constructed homes are still as rare as a unicorn. Builders have tiptoed cautiously, scaling back their construction efforts and causing a dip in the supply of existing homes up for grabs. Talk about playing their cards right – reduced supply meets increased demand, and builders find themselves sitting pretty.

Now, why hasn't the housing market come to a screeching halt, you ask? Well, even before interest rates shot up, we were already facing a shortage of available homes. The sellers, those key players in the home-buying game, are shaking in their boots at the thought of higher interest rates, which means fewer homes are being listed. Cue the supply shortage alarm! Sales activity may have taken a slight dip, but fear not, for affordability and the dance of supply and demand remain relatively steady. The author nods in agreement to the suggestion of incentivizing housing development at the local government level to combat the shortage and prevent prices from spiraling out of control when the economy bounces back and demand skyrockets once more. And let's not forget the unsung heroes – independent investors swooping in to save the day! They're repurposing vacant and distressed homes, breathing new life into them, and bolstering our housing supply.

So, folks, what are your thoughts on this housing market extravaganza? Sound off and let the discussion begin!