- Existing-home sales in May hit the highest mark since 2009
- Buyers Are Back
- Investors are Stepping Out
- The principal reason for the inventory shortage is the cumulative impact of home builders not being in the market for well over five years.
- There is no massive shadow inventory that can disrupt the market.
- There is a housing shortage
- The Federal Reserve will be raising short-term rates soon
- All in all, existing and new home sales will be rising.