Frenzied residential real estate market in dire need of supply

Sometime in April, when coronavirus angst was raging high, Premier Sotheby’s International Realty President and CEO Budge Huskey made a prophetic statement on a Zoom call with agents and brokers. “The greatest impact from Covid,” he told the team that day, “won’t be demand. It will be supply. Our greatest challenge will be inventory.”

'It’s crazy. I've never seen it like this before and I’ve been doing this for 42 years.' David Clapp, Re/Max Alliance