Inventory Vanishing and Bidding Wars Exploding in Crazy U.S. Housing Market

Homes in a subdivision in McDonough, Georgia, U.S., on Sunday, Dec. 12, 2021. Much of the town sits in one of the ZIP codes where iBuyers are most active nationally, selling more than 100 homes last year with about 70% of those houses going to investors. , Bloomberg

Tracy Alloway and Joe Weisenthal, Bloomberg News

Jan 20, 2022

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Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.

If you wanted to buy a home in 2021, you probably found it a frustrating experience, rife with a shortage of options, and intense bidding wars. Well? Bad news: So far, things are even hotter in 2022. So what's going on? Where are all the homes disappearing to? Why is there nothing for sale? Why are people happy to place higher and higher bids? On this episode we speak with Mike Simonsen, the CEO and founder of the real estate data provider Altos Research, to explain the acute and long-term trends driving the market.

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