A “once in a generation” response is needed to address the decades of underinvestment and underbuilding in the housing market, according to a report released on Wednesday by the National Association of REALTORS® and the Rosen Consulting Group. The nation has faced a shortfall of 5.5 million to 6.8 million housing units since 2001.
As I've mentioned before, lack of inventory is and will continue to be a problem for our housing market and is the primary driver of higher prices.
Full Article here: Time to Act: ‘The State of America’s Housing Stock Is Dire’
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