Local Realtors agree: ‘No housing shortage’
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Local Realtors agree: ‘No housing shortage’


A SPECIAL ONE-HOUR EDITION OF WORLD NEWS FOLLOWS THIS NEWSCAST. STEPHANIE: AMERICA IS EXPERIENCING A HOUSING SHORTAGE. THAT’S ACCORDING TO A NEW REPORT BY TRULIA INVENTORY AND PRICE WATCH. THE REPORT SUGGESTS NOT ONLY ARE THERE FEWER HOMES AVAILABLE TO BUYERS OF ALL INCOME LEVELS, BUT NEW HOME OWNERS ARE WORSE OFF THEN THEY’VE BEEN IN YEARS. WE SPOKE TO A LOCAL REALTOR TO FIND OUT IF THAT SAME HOUSING SHORTAGE IS HAPPENING HERE IN SOUTH FLORIDA.>>PERSONALLY I HAVE NOT EXPERIENCED A HOUSING SHORTAGE. IT’S A PRICING CHALLENGE. WE HAVE A LOT OF PEOPLE WHO ARE DESIRING TO CASH OUT AFTER THE GREAT FALL, AND SO THEY WILL PUT THEIR HOUSE ON THE MARKET BUT INSTEAD OF TRULY WANTING TO SELL IT, THEY WANT TO LIST IT AND SEE WHAT THEY CAN GET OUT OF IT. STEPHANIE: I ALSO REACHED OUT TO THE REALTORS ASSOCIATION OF THE PALM BEACHES AND PRESIDENT JUDY RAMELLA ISSUED THIS STATEMENT SAYING, QUOTE, WE ARE FAR FROM A HOUSING SHORTAGE, BUT IT MAY NOT FEEL THAT WAY FOR BUYERS AS COMPETITION IS FIERCE, ESPECIALLY BELOW $200,000. PALM BEACH COUNTY IS A HOT MARKET. SHE SAYS THAT’S WHY IT’S CRUCIAL

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