Prices Keep Rising as Inventory Depletes

August 11, 2015

From Seattle to Dallas to Denver, buyers are bidding high over a very limited supply of homes, reports.

Numbers from the NAHB show that single family home construction is half of what it should be, primarily due to a shortage of skilled labor and lots to build on. This poses a big problem to buyers.

“Prices are rising, just too fast,” Lawrence Yun, chief economist with the National Association of Realtors, tells “And certainly far ahead of people’s income.”

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