Welcome to the Monthly Market Report for May 2021. We want to give you the insights that you need to help confidently make the best decisions when buying and selling a home.
There’s a lot going on right now and we’ll start with a quote from Freddie Mac, it comes from Sam Khater, and he says this:
“The main driver of the housing shortfall has been the long term decline in the construction of single family homes. That decline has resulted in the decrease and the supply of entry-level single family homes or starter homes”.
Probably no bigger issue right now that we need to be talking about than the lack of available inventory.
Here are the 3 most important takeaways you need to know right now:
- New Construction – A drop in new construction is one factor behind today’s inventory shortage.
2. Seller’s Market – There are strong motivators for homeowners to sell this year.
3. Home Sales – Experts forecast steady growth in home sales this year and next.
Read all the details and download your complimentary Housing Market Update for May 2021 now. 👇
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