In the following brief video, from the National Association of REALTORS YouTube channel, Chief Economist Lawrence Yun discusses home sales which are up 20% year over year for the third month in a row.
However, inventory is down and months' supply is under 2 months, which means extremely tight market conditions. Prices are rising and the lack of inventory could potentially hold back first-time buyers in 2021.
- Topic: Real Estate Industry
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