August 22, 2023

Too many home hunters, not enough homes

The law of supply and demand dictates that, when you don't have enough product but a lot of people clamor for it, the price of that product escalates, leaving a lot of frustrated folks on the sideline. That, in a nutshell, helps explain the lingering housing supply dilemma.

Consider that, in America, a healthy housing market should have around a six-month inventory of homes available. But right now, the housing supply is woefully inadequate, with some markets possessing less than a one-month supply of homes.

Take a moment to better understand why and how the lack of real estate inventory is contributing to our current housing crisis by reading my newest article for CTW Features, available here.