• Home
  • Search
  • News
    • All Posts
    • Mugshots
    • Court Filings
    • Jobs Listings
    • Business Articles
    • Dining Articles
    • Marriage Licenses
    • Obituaries
    • Sex Offenders
  • Events
  • Features
    • Maps
    • Elected Officials
    • Elections
    • Read Columnists
      • Shirtless Chef by Jason Murphy
      • Krystle’s Bookworm Diaries
      • Get Real with Doug Robinson
      • Shelli Cooks
      • “The Sleigh” by Roger L. Poole
      • Built to Battle – with Amanda Elliott
      • Common Man – Brent Davis
      • Anna’s Avenue – Anna Colby’s Columns
      • Bite Out of Life with Kaitlynn Garrett
      • Lee’s Faith & Fitness
  • Business Directory
  • Donate
  • Advertise
  • Contact us

MySaline

News & Events for Saline County, Arkansas

 

Get Real with Doug Robinson: As We Come Out of a Health Crisis, We Roll Into a New Type of Housing Crisis

June 5, 2020 By Sarah Heer Leave a Comment


As we come out of the Health Crisis we roll into a new type of Housing Crisis

I have talked in the past few weeks about how the recent virus issue has had everyone at home but still active in Real Estate. Properties have been selling and buyers have been buying.

As the state opens up we have a whole new crisis in Saline County. And it doesn’t seem to be going away soon.

No, it is not what you think. The sky is not falling nor is the Real Estate market. Quite the contrary. As things start to open up we are in an inventory shortage in our area. There is a decent inventory of larger homes but inventory for the first time buyer is extremely scarce. It seems that the Covid-19 issue delayed many future buyers that wanted to move up to a larger home from putting their current home on the market. What this has done has created a huge lack of starter homes or smaller homes for people looking to downsize.

We would think that the obvious answer to more homes would be new construction. The problem is that only a few builders build for the first time homebuyer. Of all new homes being built only about 20% are priced under $200,000. Over 50% are in the $200,000-$400,000 range. The other 30% are over $400,000.

Let’s take a look at what I call the 2 L’s:

Lots – There is a shortage of land in Saline County at an affordable price, causing builders to move farther and farther out to keep costs down. This isn’t always an attractive option for those who want to stay close to work.

Lumber – The cost to build a new home is directly tied to the cost of the lot and the cost of the supplies needed to build the home. Lumber costs continue to escalate due to policies restricting the importation of Canadian lumber, making larger luxury homes an attractive option to recoup costs when selling, rather than building smaller single-family homes and making less profit.

From online viewings to showings and sales, there are positive signs since April that we could be turning a corner. But while buyers appear to be coming back to the market, sellers are not meeting the demand.

The question is, are potential sellers in our market aware that buyers are out there? If a client is ready and able to do so, this could be a great time for them to call me and list for a great price.

Click to see more articles from Get Real with Doug Robinson


-Doug Robinson/Baxley-Penfield-Moudy Realtors

“Your Best Friend in Real Estate”
www.SalineCounty.RealEstate

Connect with me on my Homesnap account! The best way to search for a home! https://www.homesnap.com/Doug-Robinson

Filed Under: Columns, Real Estate Tagged With: columns, real estate

CLICK FOR MORE NEWS

Search MySaline!

Recent Posts – Scroll for Story Comments

  • Instantly Obsessed! – Krystle reviews The Riven Kingdoms
  • MySaline’s Jobs List for Central Arkansas — 040921
  • JA to host fish fry on Saturday April 10th; order ahead now
  • Saline County Mugshots — 040921
  • New Marriage Licenses in Saline County — 040921

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search MySaline

Advertise here! [email protected]

BentonChamber.com








See the list of Food Trucks serving Saline County and submit yours! www.mysaline.com/food-trucks

Contact Info

MySaline.com
P.O. Box 307
Bryant, AR 72089
501-303-4010
[email protected]

Don’t miss a thing…

  • Subscribe to MySaline’s Email Updates

Community partners:

Advertise Here! Email [email protected]

CONTACT US

MySaline.com
P.O. Box 307
Bryant, AR 72089
501-303-4010 [email protected]
Facebook Page
Facebook Group
Instagram
Twitter
LinkedIn

Search posts by date:

April 2021
S M T W T F S
 123
45678910
11121314151617
18192021222324
252627282930  
« Mar    

Recent Posts

  • Instantly Obsessed! – Krystle reviews The Riven Kingdoms April 9, 2021
  • MySaline’s Jobs List for Central Arkansas — 040921 April 9, 2021
  • JA to host fish fry on Saturday April 10th; order ahead now April 9, 2021
  • Saline County Mugshots — 040921 April 9, 2021
  • New Marriage Licenses in Saline County — 040921 April 9, 2021

Site Tree

  • Home
  • Search
  • News
    • All Posts
    • Mugshots
    • Court Filings
    • Jobs Listings
    • Business Articles
    • Dining Articles
    • Marriage Licenses
    • Obituaries
    • Sex Offenders
  • Events
  • Features
    • Maps
    • Elected Officials
    • Elections
    • Read Columnists
      • Shirtless Chef by Jason Murphy
      • Krystle’s Bookworm Diaries
      • Get Real with Doug Robinson
      • Shelli Cooks
      • “The Sleigh” by Roger L. Poole
      • Built to Battle – with Amanda Elliott
      • Common Man – Brent Davis
      • Anna’s Avenue – Anna Colby’s Columns
      • Bite Out of Life with Kaitlynn Garrett
      • Lee’s Faith & Fitness
  • Business Directory
  • Donate
  • Advertise
  • Contact us

Copyright © 2021 · MySaline.com