3 Reasons why the housing shortage will last for years, Goldman Sachs says | Seattle RE Podcast
Supply for homes can't keep up with demand. At a point when the country badly needs more houses, housing starts fell 9.5% in April, and Goldman Sachs doesn't see the cavalry arriving soon.
A May 2 note from Goldman's Ronnie Walker found that new home sales and housing starts have reached their highest levels since 2006, and housing supply is at its lowest level since the 1970s. But as demand remains high, little is being done — and can be done — to fix the low supply. "The resulting picture is one of a persistent supply-demand imbalance in the years ahead," the note said.
The reasons why have to do with millennials aging into a homebuying time of life, the availability of construction materials and workers (or lack thereof), and even the foreclosures that may hit the housing market.
Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.
🔔Join this channel to get access to perks 👇
https://www.youtube.com/channel/UCHm8vWol8eNjTJZSjq2jaLQ/join
-------------------------------------------------------------------------------------------------------
🔥🔥 𝑺𝒆𝒂𝒕𝒕𝒍𝒆 𝑹𝒆𝒂𝒍 𝑬𝒔𝒕𝒂𝒕𝒆 𝑷𝒐𝒅𝒄𝒂𝒔𝒕 🔥🔥
►💎iTUNES
https://apple.co/2MkFziJ
►💎SPOTIFY
https://spoti.fi/2Dh8EoL
►💎STICHER
https://bit.ly/2FDK0QC
►🏡JOIN SUMMIT PROPERTIES NW
Website: https://summitpropertiesnw.com/career/
High 80/20 Split, Zero Fees, and a Low $10,000 Cap!
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
✔ SUBSCRIBE 📣HIT BELL! ✔LIKE ✔COMMENT
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
★ REACH OUT TO ME ★
►✅Follow Us - Facebook: https://facebook.com/summitpropertiesnw/
►✅Follow Us - Instagram: https://instagram.com/summitpropertiesnw/
►✅Follow Us - LinkedIn: https://linkedin.com/company/summit-properties-nw-llc/
►✅Email Us - sean@seattlerealestatepodcast.com
#SeattleRealEstate #HousingMarket #Podcast
-
16:32
News For Reasonable People
4 days agoThe Green New Folly: How Virtue-Signaling Killed a Ferry and Wasted Millions
1401 -
LIVE
LFA TV
15 hours agoMCWINNING THIS ELECTION! | LIVE FROM AMERICA 10.21.24 11am EST
2,453 watching -
1:34:18
Jeff Ahern
2 hours ago $10.38 earnedMonday Madness with Jeff Ahern (6;10 am Pacific)
36.2K -
LIVE
2 MIKES LIVE
14 hours agoThe Mike Schwartz Show 10-21-2024
1,096 watching -
28:53
BonginoReport
4 hours agoKamala's Most Dangerous Play: Denouncing God (Ep.68) - 10/21/24
49.3K103 -
1:21:26
Game On!
15 hours ago $7.85 earnedNew year, same results! Mahomes dominates the 49ers!
18.6K14 -
15:16
NC Dirt Hunter
4 hours agoA good day Metal Detecting Civil War relics on an OLD plantation. #history #civilwar
25.6K4 -
9:45
Dr. Nick Zyrowski
12 hours agoHow To Do One Meal A Day Diet - This Is How I Eat
28.9K5 -
10:05
Hannah Barron
18 hours agoCan't Cook? No Problem...Southern Banana Pudding!
23K30 -
10:05
Tactical Advisor
20 hours agoNew PSA Sabre Pistol 308! (FIRST LOOK)
24.4K4