Caution: Historically low inventory ahead

By Julia Falcon | HousingWire

With a decreased number of new home listings, what will happen when homebuyers re-enter the market this summer?

LendingTree says that 53% of homebuyers are more likely to buy a home in the next year because of the COVID-19 pandemic, with respondents saying they’re either tired of the small space they live in currently or don’t care where they live since they work remotely now.

Many even say they are ready to attend an open house again, according to a new survey from the National Association of Realtors, which found that 65% of people who attended an open house within the last year would do so now without hesitation.

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