The #1 Reason It Is Difficult to Find Your Dream HomeThe headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation
14 Million Households Priced Out By Government Regulation
As Realtors we would like to help everyone that crosses our path to purchase the home of their dreams. Often it is not possible due to many factors. It's important to understand there are many pressures on home affordability and often it is our government.
Households become “priced out” when they no longer qualify for a new home mortgage because of higher prices. A recent NAHB study estimated that, on average, regulations imposed by government at all levels account for 24.3% of the final new home price. For a typical new single-family home built for sale, this translates into additional $84,561.
Image courtesy Eyeonhousing.org
Lance is a Retired Air Force Officer and skip-generation real estate agent -- his grandparents ran a real estate brokerage in Oregon during the 1960s and 70s. Lance helps mainly vacation home investor....
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