With Limited Inventory, Buyers Are Competing for an Aging Housing Stock
Pro Builder
FEBRUARY 9, 2022
The total share of buyers who purchased a new home in 2021 was just 15%, down from 28% in 2003 but up from a low of 13% in 2019, the National Association of Realtors reports. First-time buyers are feeling the pressure of a heated housing market, and with limited budgets, younger generations are the most likely to purchase aged fixer-uppers.
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