Higher home prices in the United States are not fueling the rental market, despite media reports to the contrary. Instead, would-be buyers are seeking rentals due to the limited supply of homes for sale in what is expected to remain a hot market throughout the remainder of this year. The primary driver ... READ MORE >
new homes
CHART OF THE DAY: Existing home supply lags demand and spike in real estate agents
Demand for residential property is high as individuals and families located in dense urban areas or states with heavy COVID-19 lockdown protocols consider the South and West as locations for vacation homes. As a result, the existing home supply is in short order; in February, the most recent month for ... READ MORE >