Weekly Real Estate News
Source: Fox Business —
Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the “perfect storm.”
“We’re in the middle of a real estate boom like we haven’t seen in the past,” Bloom told “Cavuto: Coast to Coast.”
He said several different factors impact homebuilding in the red-hot housing market – from supply chain interruptions to low-interest rates and the “foreclosure moratorium” during the pandemic.
WRE NEWS • READER SUPPORT
Help support the news that keeps you ahead.
If WRE News brings value to your day, consider supporting
the reporting that keeps our industry informed.
