Source: Marketplace —
Sales of existing homes hit a 15-year high in 2021, according to the National Association of Realtors. Last year saw about 6.1 million home sales, an 8.5% jump over the previous year.
Despite the high volume of sales, inventory has remained tight in many markets, because demand has been high and sales have closed so quickly.
On the popular HGTV show “House Hunters,” prospective buyers always see three properties, argue over open floor plans and double vanities and then hash out a carefully thought-out choice at a local cafe. But that’s not happening right now, per real-life house hunter Nikki Cimino in Denver, Colorado.
“You don’t really have a lot of time to sit around and go, ‘OK, well, you know, there’s pros to this house and there are cons to this house.”
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