Limited Availability, Construction Slump: A Look Into The Frenzied Housing Market
If you’re trying to buy a house right now, it’s not easy. Some houses are selling for tens of thousands of dollars above the asking price or after bidding wars and all-cash offers.
The Association of Realtors reports that construction on new homes has fallen short by 5.5 million units over the last two decades.
This article was originally published on WBUR.org.
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