November 18, 2024 4:37 am
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Housing shortage running up prices, rents

Housing

HousingDaily 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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.