My daughter and her husband are buying their first house.We only have about 10 in our area and as soon as a new listing comes up it is sold.Sometimes same day.Hot housing market right now.
Are those home buyers or are they investors swooping up housing properties to rent out?
It’s a good market. Long way to go to get back to “normal” though which is the good news. Average housing starts of 1.5 million (1959-present) and 2012 we had 780K so we are only 50% of “normal”. Good news is that household formation is strengthening which is what drives the 1.5 million. household formation averaged about 1.4 million SAAR in 2012.