Housing shortage hits record low, igniting prices

Posted from: https://www.cnbc.com/2019/12/19/housing-shortage-hits-new-record-low-igniting-prices.html

The number of homes for sale at the end of November was the lowest on record for the month, according to the National Association of Realtors, which began tracking this metric in 1999. There were just 1.66 million homes on the market, down 5.7% compared with November 2018. That represents a 3.7-month supply at the current sales pace, down from a 4-month supply a year ago….

Posted from: https://www.cnbc.com/2019/12/19/housing-shortage-hits-new-record-low-igniting-prices.html

The number of homes for sale at the end of November was the lowest on record for the month, according to the National Association of Realtors, which began tracking this metric in 1999. There were just 1.66 million homes on the market, down 5.7% compared with November 2018. That represents a 3.7-month supply at the current sales pace, down from a 4-month supply a year ago….

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