November 2022 Newsletter: Volume 68
It's Not the Crisis You're Thinking
Real estate is local and what's happening with housing nationwide is different than what's occurring in New England. Yes, sales have slowed, rates are high, and many prospects are on the sidelines, but housing will continue to remain an incredible investment in the Northeast.
National Supply
The supply of homes in 2022 is at 1,250,000. It would take 3.2 months to sell this inventory at our current rate of sales. In 2008, the supply of homes was over 3,400,000.

With over 1.7 million households being created each year, we don't have the national inventory to keep up.
Massachusetts Supply
In Massachusetts, the housing shortage is magnified. The supply of homes in 2022 is at 10,024. It would take 1.6 months to sell this inventory at our current rate of sales. In 2008, the supply of homes was over 45,000. To put the low inventory in perspective, a buyers market is 7.0 months of inventory.

The supply of homes and months to sell existing inventory has dropped significantly since the Great Recession in 2008 as highlighted within the historical charts above.

The point is, when inflation slows, rates will drop, and there's going to be a bigger shortage of homes in Massachusetts than we've ever seen. The lack of supply will keep prices steady in 2023 and beyond.

Regardless of what you're hearing nationally or from the media, there's a different kind of crisis on the horizon. The real crisis will be a lack of supply and affordability in Massachusetts.
MA Realtor Association, FRED. MLS
Builder Supply
As our builders build, our strategy is to manage the inventory with pre-sales.

We're working with our on-site new home sales advisors and equipping them with market data. Training our teams to show prospects why it's a good time to buy is critical. Having properly priced inventory, builder incentives, rate locks, rate and buy-downs during the "Great Rate Rise" is essential for our new home advisors to keep sales moving. About 90 percent of our builders are utilizing these strategies.

Gone are the order takers! This is where Streamline Communities shows off our sales abilities. As inflation drops, rates will follow, and our builders are positioned to move inventory in the tightest supply market we've ever experienced.

Contact Tom@StreamLineCommunities.com for a new approach to selling new homes.
We Have Land,
We're Looking for Land
Over the last 19 years we have built quite a database of interested buyers and sellers.

So, if you have permits to sell or you're looking to buy, preview the new opportunities or ask us about our other off-market options.






Ask About Our Off Market Opportunities
North Shore and South Shore Permits Available
Contact Tom@StreamlineCommunities.com
Home Restart
Home Restart has placed 38 clients with Housing Needs!
Streamline Communities donates to Home Restart each time we sell a home.

The Home Restart Client Managers combat homelessness by transitioning candidates into housing through real estate brokerage advocacy, personal finance consultation, assisting with job placement, social services, and other support services to those in need.

All funds donated to Home Restart go directly to housing people in need. Consider donating today. Home Restart is a 501c3. Learn more at www.HomeRestart.org

Cell: 781.696.6129
Office: 978.952.6495