11/22/2021
Home Sales About To Surge? We May See a Winter Like Never Before.
Some experts thought we’d return to the industry’s normal seasonality this winter with both the number of purchasers and houses available for sale falling off. However, data now shows that neither of those situations will likely occur.
The latest Showing Index from ShowingTime, which tracks the average number of monthly showings on available homes, indicates buyer activity was slightly lower than at the same time last year, but much higher than any of the three previous years. Buyer activity for newly constructed homes is also very strong. Ali Wolf, Chief Economist for Zonda, recently reported that Stuart Miller, the Executive Chairman of Lennar, one of the nation’s largest home builders, said this about demand: “There is still a great deal of demand at our sales centers with people lining up and not enough supply.”
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https://www.simplifyingthemarket.com/en/2021/11/18/home-sales-about-to-surge-we-may-see-a-winter-like-never-before/?a=557314-593d9717d7d57a0f35c0ea385684a80f&fbclid=IwAR2Ix5JY1B6nqRbWVHRVFiumfadxjW7uD2VShpsXX_x1Tg3aoghtHblesmI
