Source: CNN —
With the inventory of homes for sale historically low and prices higher than ever, the battle to buy a home has been taken to a whole new level.
The number of available homes to buy in April dropped by 40% from a year ago and 50% from 2019, according to Redfin, driving prices up 20% from last year. Home sales in 2020 were at their highest level since 2006, according to the National Association of Realtors, and sales might be higher now if there were more homes to buy.