Housing Boom: Sales of Million-Dollar Homes Double

NPR, Oct. 22, 2020–Chris Arnold
A lot more homes would be selling if there was more inventory, says Mike Fratantoni, the chief economist for the Mortgage Bankers Association. “The primary constraint to even more sales is the plummeting inventory of homes on the market, which is leading to bidding wars and spikes in home prices across the country,” he says.