Columbia SC Housing Shortage a Real Threat

A Columbia SC housing shortage, as well as a nationwide housing shortage, is a real threat. The housing market has gone through a series of events that include foreclosures, bad equity, bad loans and many more. One topic the real estate market is ignoring is home shortages.

Columbia SC Housing Shortage And Why It Is Coming

Alex Charfen discusses with Steve Harney about the growth in housing shortages and the drastic drop of houses being built over the past five years. Before 2008, 1 million homes were being built on average, but by 2009 the number of homes built have dropped consistently about 10-20% per year.

A Columbia SC housing shortage will only get worse before it gets better, which makes now the best time to be looking for a home. Wait until the shortage really kicks in, and not only will prices have jumped, but the available inventory of homes to choose from will have diminished greatly.

Contact us today for a free, no-obligation consultation on the Columbia SC housing shortage, and how it could affect home prices and inventory if you decide to wait a year or two to buy a home.

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