I just finished reading an article on CnnMoney.com talking about a predicted short fall of new homes in the future.
The study states there is currently a 2.5 month supply of new homes if we see normal levels of buying. And, if that happens there would be a shortage.
Of course the study does acknowledge that not all markets will bounce back equally.
Being a “real estate is very local type of person” I don’t know if there will be a shortage in the future.
I do know that with attractive prices and lower interest rates it is indeed time to buy real estate in Brevard County, Florida.