Lean home inventory is making the spring real estate market interesting as rising prices and interest rates pressure home affordability. Buyers are motivated and time on the market is dropping rapidly.
However, a growing inventory mismatch is adding complexity to the market as starter homes sell like hotcakes and luxury homes begin to accumulate. Additional inventory is the answer and single family home starts hit a 10-year high in February.
The following article from the Wall Street Journal provides a nice perspective ... Buying A Home This Spring Will Be Hardest In Years.