CNN BUSINESS | ‘It’s crazy. There is no inventory.’ Housing industry veteran marvels at real estate boom

New York (CNN Business) – Jeffrey Mezger is a 40-year veteran of the real estate industry. He’s never seen a stronger housing market than this one.

“It’s crazy. There is no inventory,” the CEO of KB Home told CNN Business.

For wannabe buyers, the shortage of homes on the market, combined with a surge of competition from other purchasers is setting off bidding wars, all-cash offers and no end of sticker shock.  —read more—