Think Home Prices Have Gone Crazy Since the Pandemic?
Just about everyone knows it’s not a great time to be a home buyer right now. Thanks to the extreme inventory shortage, competition is fierce—and home prices have shot up by double digits since the beginning of the COVID-19 pandemic. It’s crazy. Could anything be harder to buy these days?
Well, yes, actually. Those who think the housing market is tough these days should try getting a puppy.
The run-up in home prices inspired Realtor.com® to look at how much prices on a variety of everyday things have changed since the world first went under lockdown. And we quickly confirmed that it wasn’t just home prices that shot up wildly over the past year.