Housing Supply Not Keeping Up with Population Increase ๐Ÿ‘ฅ๐Ÿ˜๐Ÿ—

Many buyers are wondering where to find houses for sale in todayโ€™s market. Itโ€™s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isnโ€™t keeping up.

The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million in 1990 to a pre-recession peak of 2.16 million in 2005). According to Apartment List,

โ€œFrom 1990 to 2005, the number of single-family permits issued more than doubled, while the number of multi-family permits grew by 49 percent.โ€

When the housing market crashed, the number of new homes permitted decreased to its lowest level in 2009 (see below):

Since then, supply and demand have been out of balance when it comes to new construction. According to the same report,

โ€œConstruction of single-family homes has recovered much more slowly โ€” the number of single-family housing units permitted in 2018 was barely half the number permitted in 2005.โ€

Why is new construction so important?

As the U.S. population increases, there is also an increase in the need for new homes. Today, new construction is not keeping up with the increase in the nationโ€™s population. The report continues:

โ€œThe total number of residential housing units permitted in 2018 was roughly the same as the number permitted in 1994, when the countryโ€™s population was 20 percent less than it is today.โ€

Essentially, the dip in home building coupled with the steadily increasing U.S. population means there is now a selling opportunity for homeowners willing to list their current houses.

Bottom Line

If youโ€™re considering selling your home to move up, now is a great time to get a positive return on your investment in a market with high demand. Letโ€™s get together to determine the specific options available for you and your family.

Not just a Realtor, your Realtor!
Ady Simion

DRE #01897269

 

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

IN ESCROW – 16255 Devonshire St 3, Granada Hills ๐Ÿ˜‰

IN ESCROW – Representing the Buyers

16255 Devonshire Street 3, Granada Hills, CA 91344

3 Bed โ–ช 3 Bath โ–ช 1,544SqFt
$469,500
.
You want a great negotiator on your side?
You know where to find me…
.
Not just a Realtor, your Realtor!
Ady Simion

Ady@AdySimion.com
Call/Text at 626-607-8652
.
DRE #01897269

 

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

How to Pay Off Your Mortgage Faster ๐Ÿ˜‰๐Ÿ‘๐Ÿ’ฒ๐Ÿ 

Listen to these simple payment strategies that you can easily follow because not everybody knows about. This could save you 5 years of payments and interest on your 30-year home loan mortgage. Genius!!!

Not just a Realtor, your Realtor!
Ady Simion

 

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

IN ESCROW – 245 S Holliston Avenue #110, Pasadena CA ๐Ÿ˜‰

IN ESCROW – Representing the Buyers

245 S Holliston Avenue Unit 110, Pasadena, CA 91106

2 Bed โ–ช 2 Bath โ–ช 1,104SqFt

$635,000

You want a great negotiator on your side?
You know where to find me…

Not just a Realtor, your Realtor!
Ady Simion

DRE #01897269

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

Pasadena Photography Arts – Open Show-Pasadena East LA ๐Ÿ‘๐Ÿ“ธ๐ŸŽž

OpenShow – Pasadena/East LA #30
๐Ÿ‘๐Ÿ“ธ๐ŸŽž

Pasadena Photography Arts invites you to attend Open Show-Pasadena East LA #30 on November 14 th, 2019 at 7:00 pm.
DEADLINE for photographers submission: November 1, 2019
.
Armory Center for the Arts
145 N Raymond Ave.
Pasadena, CA 91103
.
This event is FREE! Please RSVP

FOR MORE INFO:
http://www.pasadenaphotographyarts.org
http://www.openshow.org
.
Not just a Realtor, your Realtor!
Ady Simion

 

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

Don’t Get Spooked by the Real Estate Market! ๐ŸŽƒ๐Ÿ’€๐Ÿ˜๐Ÿ‘ป๐Ÿ˜ˆ

In Today’s Complex Housing Market Buying a Home Can Be Scaryโ€ฆ
๐ŸŽƒ๐Ÿ’€๐Ÿ˜๐Ÿ‘ป๐Ÿ˜ˆ

Starting your journey to buy a home can be scary if you arenโ€™t familiar with everything that needs to happen! Thatโ€™s why you need a trusted advisor who will be with you every step of the way in today’s complex housing market. Let’s connect so you don’t get spooked by the buying or selling process!

Not just a Realtor, your Realtor!
Ady Simion
Wishing you all a very safe and a fang-tastic Halloween!!!
๐Ÿญ๐ŸŽƒ๐Ÿ’€๐Ÿ‘ป๐Ÿ˜ˆ๐Ÿซ
http://www.adysimion.com

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

Housing Market Update/ October by the Numbers ๐Ÿ˜๐Ÿ’ฒ๐Ÿข

Numbers and statistics can give us a very good idea of what is happening in the housing market. Also, can help us make better decisions at the time of selling or buying a property. Here’s a look at how the numbers stack up today.

Homes are selling quickly, in an average of 31 days, and interest rates are still historically low. If you’d like to learn more about homeownership or your next move, let’s get together to discuss your best options.

Not just a Realtor, your Realtor!
Ady Simion

http://www.adysimion.com

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

Buying a home can be SCARYโ€ฆUntil you know the FACTS ๐Ÿ’€๐Ÿ‘ป๐ŸŽƒ

Many potential homebuyers believe they need a 20% down payment and a 780 FICOยฎ score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:

โ™ฆ 71% of buyers who purchased homes have put down less than 20%.

โ™ฆ 78.1% of loan applications were approved last month.

โ™ฆ In September, the average credit score for approved loans was 737.

Contact me and let’s me show you how close you are from that not haunted home!

Not just a Realtor, your Realtor!
Ady Simion

 

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

How to use your Home Equity to move-up to your dream home. ๐Ÿ’ฒ๐Ÿ โ†—๏ธ๐Ÿค—

Over 50% of homeowners have more than 50% equity in their homes. Current market trends make this a great time to use your equity to move-up to the home of your dreams. Contact me to determine how much equity you have to put toward your next home.

Not just a Realtor, your Realtor!

Ady Simion

DRE # 01897269

 

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.

IN ESCROW – 456 FILLMORE ST, Pasadena CA ๐Ÿ˜‰

IN ESCROW – Representing the Buyers

456 FILLMORE Street, Pasadena, CA 91106

3 Bed โ–ช 3 Bath โ–ช 1,708 SqFt โ–ช 6,377 Lot SqFt

$1,198,000

You want a great negotiator on your side?
You know where to find me…

Not just a Realtor, your Realtor!
Ady Simion

DRE #01897269

Ady Simion Call/Text at (626) 607-8652 or email me at Ady@AdySimion.com

Click hereโ€ฆto check your home value in seconds!

Click hereโ€ฆto search great deals, foreclosures and short sales in your area.