Lack of Inventory Draws Record Crowd to Boston-Area Open House
As employment rates improve and the cost of renting continues to soar, the housing market is beginning to see serious demand in many areas of the country.
There was so much demand in one Boston-area suburb recently, in fact, that the cops were called to shut down an open house because it had generated so much traffic to the usually quiet neighborhood.
“We got shut down! I’ve been in this business for 30 years, and it’s never happened before,” agent Catherine Luther told CNBC. “It’s just that we’re lacking inventory. We really need more inventory. Prices are going up, and we just don’t have enough property to sell.”
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