A Foolish Take: Why home prices are soaring

A Foolish Take: Why home prices are soaring

Existing home sales have been solid constrained by limited supplies.

The latest figure in Portland is 1.6 months, which is well below the six-month threshold. Across the country more generally, the supply of homes for sale equals 5.7 months' worth of sales.

The nationwide housing shortage isn't as acute as it is in Portland, but it's still low enough to likely fuel a continuing climb in home prices this summer.

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