Archives

  • bit.ly
Advertisement
The Newspaper for the Future of Miami
Connect with us:
  • Facebook
  • Twitter
  • Instagram
  • Linkedin
Front Page » Breaking News » In housing frenzy, inventory falls 50% as sales rise 30%

In housing frenzy, inventory falls 50% as sales rise 30%

  • www.miamitodayepaper.com
Advertisement

Written by on October 12, 2021

In housing frenzy, inventory falls 50% as sales rise 30%

The demand is high, but the inventory is low. The residential home market has been in a frenzy in the past year. 

“When covid hit, there was an acceleration of buyers that were going to buy homes because they were about to be locked up under quarantine,” Mike Pappas, CEO & president of the Keyes Company, said from the company’s Global Symposium in Dubai. “What happened in the last year and a half, we haven’t seen a frenzy like that since the roaring ’20s or mid 2000s.”

To read the full story click here to subscribe.

Advertisement