Frenzied residential real estate market in dire need of supply

One broker, also the area association president, says the market is at a level of crazy he hasn't seen in his four decades in the industry.

Courtesy. Premier Sotheby’s International Realty President and CEO Budge Huskey says Florida will continue to see increased demand for homes.
Courtesy. Premier Sotheby’s International Realty President and CEO Budge Huskey says Florida will continue to see increased demand for homes.
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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.”

 

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