Recently sold a couple of houses due to deaths in the family. Am currently looking for a house myself.
In these exchanges, our brokers keep stressing the limited volume right now. Construction is slow due to labor/COVID and supplies are short due to bottlenecks/supply chain. We sold a house in Nebraska in the spring and numerous realtors said there were like… 1/15th of available houses for sale than there typically would be. There was a quick bidding war and it sold without an inspection. I check Zillow since then, and there's almost nothing available to buy that looks appealing.
I know interest rates will likely wreck purchase prices and be a bear for a while.
I guess I am wondering what happens to mortgage broker stocks if overall sales volume increases when construction/rehab eventually resumes. Any ideas?
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