New York Jeffrey Mezger is a 40-year veteran of the real estate industry. He's never seen a stronger housing market than this one.
"It's crazy. There is no inventory," the CEO of KB Home told CNN Business. Homes are selling at record speed as buyers scramble to find propertiesBut this one-two punch of very low supply and roaring demand is suiting homebuilders just fine. "This is the best housing market I've seen in my career," Mezger said."It's a good time to be a homebuilder."Read MoreKB Home's first-quarter profit swelled by 62%.
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When they stop extending the foreclosure memorandum there will be an increase in availability but no president wants to do that on their watch
Not so true! There be houses out there, but since covid theyve been boarded up and left to rot. Homeless and wackjobs ruining them. And whats left is junk homes that no one wants. I tried buying a junk home, but repair costs made it imposs to get. And the new homes...junk as well
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