I’ve had many articles in previous posts about our low inventory of homes which is causing even higher prices due to the simple law of supply and demand. We need 2 things to ease the shortage: More homeowners to sell their homes and more home builders to construct more homes. This article explains the latter in more detail: Why New-Home Market Can’t Meet Demand The new-home market is unable to meet growing buyer demand because there aren’t enough workers to build homes, builders say. At the beginning of the year, there were 250,000 unfilled construction jobs, including those for home framers, electricians, masons, carpenters, and other duties needed to build a new home. The unemployment rate in the building industry is significantly higher than the national unemployment rate—7.4 percent versus 4.1 percent, respectively. We recently had someone from Texas State Technical Collegespeak at our Rotary Club and they said someone can take 4 semesters over 16 months for $12,000 to get associate's degree. He mentioned a 21-year old woman who did this and is now making over $100,00/year as an electrician. If you know anyone who wants to start a career that makes good money with not much financial outlay, please send them this email. They may thank you later! And, if you are a homeowner who has been thinking of selling, please let me know so I can create a market analysis of your home to show you just how much you would net from the sale of your home.
7 Cities With Robust Job, Housing Markets