Home Sales Surge, But Few Homes Now Left For Sale


1. Gross Domestic Product Surges Almost 7% in 4Q

2. US Market For Residential Homes Is Challenging

3. Sales of Existing Homes Hit 15-Year High In 2021

4. Shortage: Homes Available For Sale Hit Record Low

5. Tons of Federal Red Ink: Biden’s Big Spending Agenda

Overview: US Market For Residential Homes Is Challenging

Sales of existing homes in the US exploded in December to over 6 million units, a new record, the National Association of Realtors reported last week. Yet the NAR also reported that the inventory of homes still available for sale fell to a record low. Thus, there is a shortage of homes on the market, and this is driving prices higher and higher.

The question is: Why are there so few homes available for sale today? There are several reasons as always, but the main one right now may surprise you. It is certainly an unusual housing market today. I’ll give you the details as we go along below.