Housing shortage running up prices, rents

Daily Real Estate News

A shortage in housing – caused by a drastic slowdown in homebuilding activity – has pushed up home values too much in some areas and made rents unusually high, according to the National Association of REALTORS®. Unless construction activity picks up soon, rising prices will make homes less affordable and rents too, NAR warns.

Homebuilding activity for all housing types is underperforming in about two-thirds of 146 metros measured and that has prompted a significant drop in available homes for sale, according to NAR.

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September 16, 2015

family planning, Housing, real estate

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Housing shortage running up prices, rents

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