The Shortage of Homes For Sale is Getting Much Worse, Even in Luxury

The supply of homes for sale was 12% lower compared with December 2018, according to realtor.com. The decline was much steeper than the 9.5% annual drop in November.“The market is struggling with a large housing undersupply just as 4.8 million millennials are reaching 30-years of age in 2020, a prime age for many to purchase their first home,” wrote George Ratiu, realtor.com’ senior economist in a release.

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