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Tag Archives: housing shortage

Boomers Won’t Budge

Homebuyers are having a tough time finding homes for many market related reasons, but a new report shows an additional cause could be that baby boomers just aren’t moving out.

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Moving? Better Hurry.

Seeing homes in your metro switch from “for sale” to “sold” rapidly? Chances are, you’re seeing the effects of the housing shortage. The latest research from Trulia revealed a significant correlation between the inventory shortage and how long homes are staying on the market, but depending on your metro and if you’re buyer is looking for a starter, trade-up, or premium home you could be experiencing more severe effects.

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Housing Shortage Catches Google’s Eye

Housing inventory is so limited, even Google has taken notice. On Wednesday, the technology giant announced its own efforts to alleviate the ever-tight (and ever-expensive) housing market of Silicon Valley through an investment in modular housing. The company will purchase 300 modular home units from startup Factory OS, a deal Factory’s CEO says is worth $25 to $30 million. Housing prices in Google’s home base San Francisco have risen nearly 100 percent since 2009, and inventory has been dropping steadily over the past year, driving demand—and prices—even higher. Year-to-date, home prices in the city have appreciated 5 percent—the second-most of all major U.S. markets.

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