The Lenfesty Report, June 2015
(June 22, 2015
)
Friends, Clients, & Neighbours:
How wonderful is this place?
Weather: gorgeous. Scenery: gorgeous. Economy: leading the country. Consumer confidence: high (proven daily by the high demand for residential real estate).
And in spite of the headlines, between a third and a half of all homes purchases are by first-time buyers.
As the demand for single-family detached houses outstrips supply, developers are responding with more affordable multi-family buildings and more purpose-built rental complexes, and councils are making it easier to build townhouse and coach houses.
Boomers parents who have enjoyed a huge lift in their equity through real estate gains are helping their children get into the market.
Yes, the market is complicated - but there have never been more options available for both buyers and sellers. I can help you sort through it all to make the best choices.
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