Inventory is UP - But is it enough to keep up with population growth? | Ep. 126

Welcome back to another episode of Your Two Favorite Realtors on the Internet! After a short hiatus, we're thrilled to be with you again. Today, Sandy Roberts and Bryant Lovette dive into the most important topic affecting home buyers, sellers, and investors alike… housing inventory! . The Question: Whether it's the growing traffic on 540 or the competition for homes, the question on everyone's mind is: **Is there enough housing to meet the demand?**  The Problem: Since 2007, the Raleigh-Durham metropolitan area has seen a staggering 111% increase in population. Yet, despite this surge, resale inventory has dropped by 33%. What does this mean for you?  3 Key Takeaways: 1. Population Boom -  Of the Top 50 Metros in the Country, the Raleigh-Durham Metro comes in at #1 for average miles driven daily – 38.1 miles. With increased population and limited housing inventory, we see just how far people are willing to go to find affordable housing. 2. Current Market Dynamics - Despite the long-term decline in resale listings, recent months have shown a 23% increase in inventory. We'll unpack what this means for buyers and sellers right now and how it could shape your real estate strategies. 3. Future Outlook: With significant new construction happening further from the Triangle, we’ll explore whether these developments can bridge the gap between demand and supply. Are we on the verge of an infrastructure boom, or will the market continue to lag behind population growth? **Share the Knowledge** If you found this episode helpful, please share it with someone who could benefit from this information. Let’s keep the conversation going and make informed decisions with each changing season in real estate!