Step aside, spring. Summer is becoming the new hot season for home buying, according to a Florida Atlantic University economist.
Competition fueled by low inventory and interest rates and high prices will likely continue to push home sales figures higher this year, according to Ken Johnson, an associate dean at FAU’s College of Business in Boca Raton, Fla. And that’s not the only factor that will drive the buying frenzy that Johnson expects in the coming months.