Rentals Wanted and Needed

By
Real Estate Agent with Chase Brothers Properties, LLC

The tight housing market in Sheridan seems to be an anomaly relative to the national market. Our strong economy has put a lot pressure on the housing market in terms of demand and local builders seem focused on supplying that need, but at a pace that's painfully slow.

I really believe that more attention should be focused on the rental market and building for the those who need short-term housing or perhaps those who aren't ready to buy. I've spoken to a number of young professionals who have jobs waiting for them in Sheridan but can't get out of their current home due to drops in local housing markets or perhaps they just want to test the waters here before they make a firm commitment to stay.

I would encourage builders and developers alike to look at the Sheridan market for opportunities in the transitional living market. We're a community on the verge of exciting growth and now's the time to get in.

I have several sites that would work well for multi-family development. If you're interested let me know and I'll get you the information.

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Rainmaker
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Sky Realty
Sky Realty - Austin, TX
It seems like by the time the builders catch the market slows down, and then you have over building.
Jul 27, 2007 04:53 PM #1
Rainer
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Galen Chase
Chase Brothers Properties, LLC - Sheridan, WY

I agree and that is the nature of free markets. The underlying economic fundamentals that are creating the strong demand for housing here in Sheridan and the surrounding are primarily energy driven. We have one of the largest in-land natural gas plays; the nation's largest coal reserves, plus oil production and exploration is strong. I foresee no signs of slowdown in this market sector anytime soon. And, as technology progresses, we are seeing more and more companies arrive or wanting to arrive with alternative production methods and innovative refining methods.

Jul 28, 2007 01:58 PM #2
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Rainer
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Galen Chase

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