'Massive' Housing Bubble About to Burst, Real Estate Expert Warns

'Massive' Housing Bubble About to Burst, Real Estate Expert Warns

The supply of new homes in Southern states of the U.S. has grown substantially potentially creating a bubble in the housing market, a real estate analyst suggested on Monday. Home builders in the region responded to heightened demand for homes during COVID by escalating construction. Americans had migrated to the South during the pandemic in search of cheaper housing after stay-at-home orders to slow the spread of the coronavirus gave them flexibility over where they could work. That trend is …