Redfin CEO Thinks Housing Demand Will Last Into 2021

Maurie Backman, The Motley Fool
·3 min read
Redfin CEO Thinks Housing Demand Will Last Into 2021
Redfin CEO Thinks Housing Demand Will Last Into 2021

Despite historically low mortgage rates, it's been undeniably difficult to buy a home in 2020. Limited inventory is driving up demand, causing home prices to skyrocket. Existing home sales rose by 9.4% in September, and the median home purchase price climbed almost 15% year over year, according to the National Association of Realtors.