Coronavirus News

Coronavirus blamed for historic housing supply shortage – Fox Business

The pandemic has aggravated the housing market’s longstanding lack of supply, creating a historic shortage of homes for sale. Buyers are accelerating purchase plans or considering homeownership for the first time, rushing to get more living space as many Americans anticipate working from home for a while. Many potential sellers, meanwhile, are keeping their homes…

posted by anita banks

Published on September 30, 2020

Comment

The pandemic has aggravated the housing market’s longstanding lack of supply, creating a historic shortage of homes for sale.

Buyers are accelerating purchase plans or considering homeownership for the first time, rushing to get more living space as many Americans anticipate working from home for a while. Many potential sellers, meanwhile, are keeping their homes off the market for pandemic-related reasons.