No houses left in Warner Robins, City is taking ACTION

The city of Warner Robins is taking action to solve the housing issue that has been affecting our area for quite some time now.

We all know how difficult it's become over these last two years, not only here but nationwide as well with decreasing interest rates due to the pandemic and the huge demand for home buyers. The Feds started increasing the interest rates and in mid-May, we started seeing the market shift which eliminated potential buyers out there resulting in slowing down the market significantly!

Though the market here in Warner Robins has not seen an increase in housing inventory like other areas, there are still homes for sale. One reason is that we have a huge military base with Robin Air Force Base and its constant flow of people moving into town or out again - buying houses along their journey.

Yes, buyers have the upper hand now, finally after two years where they can negotiate actually prices and all of those good things that come with it but inventory still hasn’t increased which means house values haven't dropped either meaning people are being priced out even more so than before because there just isn't enough product on the market for them to buy into.

Warner Robins is acknowledging that they have a problem with affordable and good housing. And since there isn't much of a change in Warner Robins other than the market being slower because fewer people want to buy at those high-interest rates, prices are not dropping as much either - making matters worse for the regular workforce who cannot find homes near their jobs nor afford them on what little income remains after monthly expenses like mortgages or rent payments come out.

By the end of 2022, 500 new construction single-family homes are expected to be completed in this city. However, the multifamily sector is still outpacing the single-family home market in Warner Robins. Even with all those new built, there is still a shortage! People who want their own home rather than living somewhere else like an apartment or rental property where you have no control over what goes on inside (plus dealing with potential Maintenance problems) have currently not many options in the Warner Robins Housing Market. The real estate market currently does not really help with that situation the city says.

The housing market is not being helped by incentives or the possibility of negotiating a lower price. The city wants to help this situation so they met with 50 developers and home builders in order to figure out how to get more new developments going that will have better options for the workforce! We really do need these types of initiatives because affordability can be tricky--what does "affordable" mean anyways?

 

With an average price point of $250,000 and 7% interest rates right now - which can be costly for people's budgets-we're unfortunately not affordable to many when it comes to housing. Even though the cost of living in Warner Robins is ways below the national average and even lower than the Georgia average.

 

I'm sure you're all aware that interest rates have been on a steady rise since March for quite some time now. They might go down and level at 5-6%, but who can say with certainty? The thing is we'll never know unless there's a Fed announcement or something unexpected happens.

 

LaRhonda Patrick said that there is a drastic need for our essential workers, medical professionals, and teachers. She also mentioned firemen and policemen as well as military personnel in her statement; I couldn't agree more with what she had to say because they all deserve an opportunity at living securely within the city limits of Warner Robins!

 

The city needs to work as fast as they can because it does not seem like the problem is getting solved. And she goes on talking about how everybody deserves access to quality workforce housing with affordable prices- this includes you guys, citizens of Warner Robins!!!

 

To ensure that Warner Robins remains a welcoming city for all, fifty developers met with officials from the City of Warner Robins. The goal? To get more affordable and quality housing in the Warner Robins area.

 

The City made this point clear in the meeting!

 

Creating a more welcoming environment for developers and builders will allow them to produce quality homes that are affordable. The city wants this too, which is why they're working on streamlining regulations so new construction can happen more quickly while still meeting code standards
The hope here isn't just about cutting red tape - it's also adding incentives like reducing timeframes between permits or providing easier access into zoning boards & commissions as well as making sure there aren’t any further delays in getting started with building your dream home!

 

Warner Robins is experiencing an unprecedented growth period. The number of companies in town is constantly on the rise, which means that there's more demand for housing and everything related to it- Our city’s director of community & economic development department Kate Hogan said "Our Community will be growing even further in the future, we expect that the multifamily sector within Warner Robins will be growing by 54% in the next years!"

 

 

The City took the initiative to get a solution for our current housing problem in Warner Robins.

 

The city also mentioned that currently there are more homes being built than the CURRENT demand calls for. But that is the current demand, who knows how that is going to look if the interest rates are going back down and more buyers starting to consider purchasing again?!

 

Who knows what that demand will be in the next year!