Housing Market: Existing Home Deficit Fuels New Build Market

Existing home inventory is down. It's gotten much worse since the start of the pandemic. Realtor.com says there are almost 400,000 fewer homes on the MLS than there were at the same time last year. The lack of inventory is pushing home prices higher, and reducing the number of days it takes to sell a home. That's pushing many homebuyers and investors into the new home market. www.NewsForInvestors.com