Purchase apps are at 2009 level: where’s the inventory?
Housing Wire
MAY 26, 2022
Housing tenure ran at five to seven years from 1985-2007 and now is 11-13 years from 2008 2022. The Baby Boomers are not selling their homes en masse, and we have more investors providing shelter for renters than before. People forget when rates rose to 5% in 2018, it delayed housing construction from really growing for 30 months.
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