The COVID-19 pandemic has led to unprecedented increases in home prices nationally, with a 38% surge since early 2020, reflecting supply constraints and heightened demand.
Delays in new-home construction due to pandemic-related issues have worsened the longstanding housing shortage, necessitating between 4 to 7 million new homes to close the gap.
In specific regions of Indiana, home price increases have been less significant compared to the state average, indicating how location impacts housing market dynamics despite national trends.
The rise in home sales during the pandemic, driven by the shift to remote work, coincided with falling inventory and rising prices; October 2020 saw sales volumes not seen in years.
Collection
[
|
...
]