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Tight Housing Supply Continues

The economy is recovering and life is hopefully getting back to somewhat “normal.”

 

“Forward” and an arrow written in beach sand beside dark rocks.
April 10, 2021
Good morning,
 
There are reasons to feel good about the market, despite rates rising high in recent weeks. With a strong growth in employment in March and a surge in consumer confidence to the highest level in the year, the economy is slowly recovering and life is hopefully getting back to somewhat “normal” in the second half of the year. Tight supply, however, remains a concern as it continues to hold back demand and continues to put pressure on affordability.
 
Have a great weekend!
Information + Updates
Coastal home balcony with glass railing overlooking the ocean and neighborhood.
 
Did You Know? Among all the bad news, there's lots of good news too:
 
  • U.S. hiring surged in March as the economic recovery accelerated, the start of what economists say could be a sustained run of job growth to industries, regions and workers hardest hit during the pandemic. 916,000 jobs were added in March, well beyond most estimates, the best gain since August, and the unemployment rate, determined by a separate survey, fell to 6.0%, a pandemic low.
 
  • About 104.2 million people have received at least one dose of a Covid-19 vaccine, including about 59.9 million people who have been fully vaccinated by Johnson & Johnson’s single-dose vaccine or the two-dose series made by Pfizer-BioNTech and Moderna.
 
  • Goldman Sachs estimates US GDP growth this year could be as high as 8%! Many are closer to 6%, yet still around triple that of most years in the past decade.
 
  • NASA says the earth is safe for at least the next 100 years from an Asteroid hit.
 
Did You Know? Sentient Jet now has an APP - "UBER-style" - for its clients to book their private jet trips without human customer service. (CNBC)
 
Did You Know? Some key home remodeling trends include more dedicated spaces rather than single, big open spaces, home offices, a bigger focus on outdoor living 'rooms' and spaces, bolder colors.  
 
Did You Know? Technology giant AMAZON has 589 bricks-and-mortar retail stores employing 100,000 people. Amazon’s e-commerce warehouses, package distribution centers and hubs for back-end computing gear occupied more than 190 million square feet of space in North America at the end of 2019, bigger than the footprint of Kroger’s nearly 2,800 traditional bricks-and-mortar supermarkets.
 
Did You Know? In the USA - even during the pandemic - only about 14% of the stuff we buy is spent online. In some categories, like books and electronics, online shopping is well over 50% of all purchases. (NY TIMES)
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Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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