3rd,Quarter,Housing,Data,Shows business, insurance 3rd Quarter Housing Data Shows Now is a Good Time to Fix and
As we all know to live in this world we have to perform some activity by which we can earn money. There are many activities by which we can earn money and meet the standards to live in this society. And from one of them is franchise. Franc Small offices have unique needs, and thatincludes document shredding. Designed with the smaller business inmind, the Dahle 20314 is a cross-cut shredder that offers Level 3security and brings you into compliance with federal regulations. The
Low inventory: Demand for housing outstripped supply in Q3. Strong demand in the first half of 2016 depleted available inventory, dipping to the lowest level since 2013 Q3. There is a slim 2.8-month supply of homes in the D.C. area, compared to a supply of 6 months when demand and supply are balanced. The lack of inventory cut the number of sales and the rise in prices. Nonetheless, year-over-year third quarter sales volume increased 4.1 percent in 2016. Best price growth occurred in the Urban Core and the Outer Suburbs of the District. Faster sales: On average, it took only 47 days for homes in the Washington D.C. area to sell during Q3 of 2016, down four days from the previous Q3 and well below the 10-year average of 66 days. The Outer Suburbs saw the steepest drop (six days) in days on market, which was most likely due to low fuel prices, low-interest rates, and relatively more inventory compared to closer-in neighborhoods.Seller reluctance: The demand for new and redeveloped units is extremely high, in part due to the reluctance of homeowners to sell. Many owners are simply unable or unwilling to sell if their home hasn’t appreciated enough for them to profit.An Optimal Time to Fix and FlipThese factors point to a golden if perhaps short-lived, opportunity to invest in housing throughout the Washington, D.C. region. Demand far outstrips supply, inventory remains low and houses sell quickly. Renovation of local properties would help increase the housing supply and increase prices. And the resale of those properties for a healthy profit looks promising. The new administration will be looking to stimulate growth through tax cuts, reduced regulation and job creation, conditions that naturally favor higher housing prices.The window of opportunity is also defined by the relatively low costs for labor and materials that currently apply. The fiscal stimulus promised by the new administration, which is targeting up to 4 percent annual growth in GNP, could stoke inflationary pressures, meaning a year from now it may be much more expensive to fix and flip residential property than it is today. In other words, the cost of capital may be going up.Walnut Street have been deeply involved in the local building and development communities for more than two decades. Contact us for information about how we can help you quickly fund your renovation project.
3rd,Quarter,Housing,Data,Shows