As we ease into new routines and look forward to a post-pandemic future, one thing remains certain: America desperately needs more homes. That is according to the June 2021 data released by the Great Plains Regional MLS.
School’s out, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with low interest rates and limited inventory fueling record high sales prices. Eager buyers are making multiple offers, some for well over asking price, while others are making offers on homes sight unseen.
The Bottom line:
The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory,…