And it’s not going away anytime soon
By Brena Swanson | HousingWire
A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder.
And according to the latest quarterly report from the National Association of Realtors, the problem is not going to subside anytime soon.
“Without a significant ramp-up in new home construction and more homeowners listing their homes for sale, buyers are likely to see little relief in the form of slowing price growth in the months ahead,” said Lawrence Yun, NAR chief economist.