October 19, 2021
Real Estate

5 Trends Fueling One of the Hottest Housing Markets in US History

  • The housing market is on fire, with a supply shortage driving prices to record highs.
  • But alternative signals show the market isn’t just tight, it’s changing in much more fundamental ways.
  • Here are the five structural shifts that are fueling the red-hot US housing market.
  • See more stories on Insider’s business page.

The housing market is on fire.

What began as a pickup in demand early in the pandemic has evolved into an all-out buying spree. Sales of new and previously owned homes, while off their peaks, remain elevated. Construction has picked up somewhat, but contractors are struggling to shore up supply. With inventory sitting near record lows, price growth has accelerated to…

Read full article here: www.businessinsider.com