Increasing the Desirability of the Neighborhood's Housing Stock
The typical homebuyer looks to see where she can find housing that fits her needs and means, and whether the price of the housing and its appreciation potential are acceptable in light of the features of the house and its neighborhood. As a result, the first question in framing market-building strategies is whether the neighborhood’s housing stock is competitive with other areas; if not, how it can be changed to become more competitive.
There are four distinct market deficiencies that may exist in the housing stock, rendering the housing stock less competitive, discouraging people from investing in it, and hindering the neighborhood’s revival:
Each of these can be addressed by market-building strategies