"It is ironic, but there is a growing consensus that there may be a new housing shortage coming," said James Gaines, a real estate economist with Texas A&M.
So far, the shortfall has been masked by a weak economy that has put a damper on home buying. Once the job market rebounds, however, people will look to have their own homes again. This pent-up demand could get unleashed on unprepared markets, causing shortages and rising local prices.
Growing Consensus a Housing Shortage is Coming?!
That is one of the most absurd claims I have ever heard. There is enough housing inventory to last for years if you factor in shadow inventory.
Join us on our
Share this page with your friends
on your favorite social network: