High Sales Low Inventory
Posted: June 29, 2021 by Beverley McCleery
Much is discussed about the record low housing inventory in today’s market. But, there are homes to sell. Here’s the explanation.
It’s projected that 7.1 million homes will be sold in the U.S. in 2021, up from 6.5 million last year. Some forecast a record-setting $2.53 trillion worth of homes will be sold this year.
But how is the torrid pace of home sales possible as housing inventories sit at or near rock-bottom levels.