Demand for housing has risen at a “stunning” pace. High demand has caused bidding wars over tight inventory as sellers are still dipping their toes back into the water. The pandemic has also altered a lot of buyers’ wish lists, including better work from home space.
It’s amazing,” Dolly Lenz Real Estate CEO Dolly Lenz told FOX Business’ Maria Bartiromo on Thursday. “Purchase volume was down just 1 percent over a year ago. Imagine that. Last month it was down 35 percent annually. This month it’s only down 1.5 percent.”