While many businesses have slowed during the COVID-19 pandemic, the home-building industry has seen a boom — but it could be at risk due to a lumber shortage that has triggered skyrocketing prices for the material.
House prices are up and inventory is down, forcing potential homebuyers to make quick decisions.
Metro Detroit, like much of the U.S., is a seller's market right now, meaning there are more potential homebuyers than houses for sale.
Housing inventories are low, making it more difficult to find and purchase a new home.
Real estate experts say 17 percent of new homeowners are unmarried couples. All of which leads realtors to have some tough talk, including Adam's own agent.
Brad Wolf, the president of Hall and Hunters Realtors, joins us in studio to talk about the housing market now that we're past the presidential election.