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Market Needs 2.4 Million More Homes for Healthy Supply

Pro Builder

Homebuyers are gearing up to face the most contentious spring market with inventory at near historic lows. To meet the healthy level of housing inventory, there would need to be 2.4 This would be a 6-month supply, but currently, inventory of homes rested at 1.07 The majority of inventory comes from the 1.03

Metro 52
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Affordable Starter Homes Are Becoming Harder to Find

Pro Builder

The majority of housing markets lack starter homes under $150,000, and some pricey metros have none available at all. of homes in the United States were worth $1 million or more, but thanks to record low inventory and fast-rising prices throughout the COVID-19 pandemic, that share is now up to 8.2%, says The New York Times.