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by jjeaff 1319 days ago
The sudden inventory shortage was due to the pandemic. Many people took their houses off the market in order to wait and see how things were going to play out. Hiring slowed down as well and many that did change jobs went to remote jobs. You don't usually have a reason to move if you don't have a job change. Then of course lots of people working from home caused more demand for homes as those in smaller apartments or houses decided they needed to upgrade.