Even with a rising mortgage interest rate environment, it is the hottest start to a year since tracking began in 2004 by a landslide.
Insanely Hot Seller’s Market
With a ridiculously record low supply of homes available to purchase matched with strong demand, the housing market is white hot.
The COVID-19 pandemic has severely disrupted the supply of goods and commodities. Initially, back in March 2020, there was a relentless run on toilet paper when people stood in long lines for hours as new shipments arrived. As the pandemic evolved, so did the impact on the supply of computer chips, which ultimately hit the automobile industry the hardest. Flash forward to today and new car lots are empty, there is a COVID premium…