The inventory of homes for sale is startlingly low. The pandemic is part of the reason, but it’s not the whole story.
Much of the housing market has gone missing. On suburban streets and in many urban neighborhoods, across large and midsize metro areas, many homes that would have typically come up for sale over the past year never did. Even in cities with a pandemic glut of empty apartments and falling rents, it has become incredibly hard to buy a home.
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Reprinted from New York Times
By Emily Badger and Quoctrung Bui
Feb. 26, 2021