The 'Velocity' in the Resale Housing Market is the Highest Ever

The video discusses the economic recovery's impact on the housing market, highlighting the surge in second home purchases during the pandemic due to low interest rates and health concerns. It examines the shift in consumer spending towards housing, the challenges in the affordable housing market due to inventory shortages, and the trend of moving to outer areas for affordability. Builders are adapting by focusing on affordable housing, but face challenges in meeting demand.

What factors are influencing the second home market during the pandemic?

How has the pandemic affected consumer spending on homes?

What trends are observed in the affordable housing market?

Discuss the impact of inventory levels on the resale market.

What strategies have builders adopted in response to the demand for affordable housing?