Why Everyone's Making Such a Big Deal About Housing Inventory
Today's housing market is an extremely difficult one to navigate. Granted, that's pretty much been the case since mid-2020. But whereas mortgage rates dropped to record lows on the heels of the COVID-19 outbreak, they're now sitting at their highest levels in 13 years. Making matters worse is that home prices are way up across the board, throwing buyers into an almost impossible position.
But it's not just rising mortgage rates and sky-high home prices that are making headlines. The amount of available inventory in the real estate market has also been a big focus -- and for good reason.
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Source Fool.com
