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Housing Inventory: “Severe, Accelerating, Chronic Shortages in Every Market, in Every Price Range”

Jeannette Thompson

Published 7 months ago

The authors cite 7 key reasons for the trend in the above PDF:
1. Increased informational efficiency - It's easier than ever to shop for and find homes.
2. Accommodating fiscal policy- Rates spent longer than ever at lower-than-ever levels. Owners who refi'd at these rates have
little incentive to give up their mortgages.
3. Remote Work - Everyone moved to the suburbs!
4. Institutional Investors- Housing has been a fashionable investment on Wall St and these institutional investors account for
a significant amount of demand--especially in the lower price tiers.
5. Restrictive Zoning - Certain metros have rules that prevent higher density housing, thus increasing demand for single family homes.
6. Supply Chain - Land, labor, and material shortages only hurt housing availability further.
7. Rooted Sellers- See number 2 above, but also consider that a starved inventory situation only creates an additional reason
for sellers to stay put.

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CMG Home Loans

Company NMLS# 1820

6355 Fairgrounds Ave, Suite 200
Windsor, AL 80550, Branch NMLS# 1832842

Jeannette Thompson
Loan Officer, NMLS# 1828914, CO# 100010034
CMG Mortgage, Inc. dba CMG Home Loans dba CMG Financial, NMLS# 1820, is an equal housing lender. Regulated by the Division of Real Estate (CO). Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending. To verify our complete list of state licenses, please visit http://www.cmgfi.com/corporate/licensing and http://www.nmlsconsumeraccess.org.

CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT http://WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT http://WWW.SML.TEXAS.GOV.

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