The good news is Homes are selling again – The bad news is it might be hard to find a place to put your new home.

Here is a headline from a recent article from CNN/Money:

“Can it be possible? Despite the housing bust and high foreclosure rates, in some areas real estate agents are complaining that they don’t have enough homes to sell.”

via Supplies of starter homes shrinking – May. 11, 2010.

What is happening is that over the course of the past three years is that banks have tightened their credit to homebuilders and developers. Which means that there was very little new land or new spec homes built over the past three years. So now that the market is finally improving it seems as though there are no lots available to build your home on – OR the lots that are available are all way too expensive.

The good news is I have built an extensive list and negotiated with many real estate developers to get special deals for our clients on the available land that is left. We have specifically focused on finding properties that are between $50,000 and $100,000.

So hopefully the banks will start lending again to developers so we can get some new lots developed – in the mean time send me an email or give me  call and we will let you know what we have available.

Email me at aeggeman@eggemanhomes.com.