| Robert Smith - Agent RE/MAX Bighorn Properties robert_smith 647@yahoo.com Office: 307.674.0343 Cell: (307) 752-9499 |
Sheridan Housing Shortage
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The Sheridan housing shortage is the biggest problem the city
faces as it suffers growing pains. Increased energy production in
the Sheridan area, among other factors, has left new residents
scrambling to find affordable housing. Employers desperately need
to fill jobs, but potential employees can’t find housing. That is the
dilemma.
The unfolding mortgage crisis across the country has produced
record foreclosures. In the past year, there have been nearly half a
million foreclosures in the State of California alone. This is not true
however, in Wyoming. In that same period, there were only 497
foreclosures in the whole state of Wyoming. The economy in
Wyoming is still strong, and the opportunity for investors has never
been better.
The Sheridan housing shortage includes rentals. Rental prices have
doubled in Sheridan over the past ten years, and the number of
rentals available has decreased dramatically. Smart investors are
already developing new apartment complexes in Sheridan. There is
still a big opportunity here.
Not only are affordable homes in short supply in the Sheridan area,
but so are executive properties. Affluent retirees from other parts
of the country are being attracted to the Sheridan area. They can
afford to build mansions in Sheridan for a fraction of what it would
cost them in their home states. The Sheridan housing shortage will
most likely prove to be a Godsend for savvy investors.
faces as it suffers growing pains. Increased energy production in
the Sheridan area, among other factors, has left new residents
scrambling to find affordable housing. Employers desperately need
to fill jobs, but potential employees can’t find housing. That is the
dilemma.
The unfolding mortgage crisis across the country has produced
record foreclosures. In the past year, there have been nearly half a
million foreclosures in the State of California alone. This is not true
however, in Wyoming. In that same period, there were only 497
foreclosures in the whole state of Wyoming. The economy in
Wyoming is still strong, and the opportunity for investors has never
been better.
The Sheridan housing shortage includes rentals. Rental prices have
doubled in Sheridan over the past ten years, and the number of
rentals available has decreased dramatically. Smart investors are
already developing new apartment complexes in Sheridan. There is
still a big opportunity here.
Not only are affordable homes in short supply in the Sheridan area,
but so are executive properties. Affluent retirees from other parts
of the country are being attracted to the Sheridan area. They can
afford to build mansions in Sheridan for a fraction of what it would
cost them in their home states. The Sheridan housing shortage will
most likely prove to be a Godsend for savvy investors.
