Attorney James Howsley presented to the Clark County Association of Realtors on, "The Big Picture: Considerations for a New Development Era."
Here are the three key points from his presentation:
1) The Good- Housing is back, and the amount of overbuilt homes during the peak were overtaken by demand in 2010. If the household formation occurs, as it is anticipated to, there will be a demand for a good length in time.
2) The Bad- There are simply not enough lots in both the Portland/Vancouver and Seattle Metropolitan markets to keep up with demand. What will happen? Artificial price inflation.
3) The Ugly- Regulations that came in during the recession are further impacting the amount of lot yields from developments that could further strain supply, in lieu increasing costs.
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