After the housing market nearly shut down in April, competition is back with a fury.
States are loosening social distancing restrictions and homebuyers are rushing to open houses again. The trouble is, theyâ€™re not finding much to buy.
The coronavirus pandemic caused a historic drop in the supply of homes for sale that was already pretty meager. New listings had dropped by half during the second weak of April, compared with a year ago, according to real estate brokerage Redfin.