GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
However, these arent the only factors affecting the national housing market.
Housing Supply Shortage
There are more people buying houses than there are available on the market.
At the current pace, closing the housing gap would take an estimated 7.5 years nationwide.
However, they own a greater share of homes in certain markets.
These challenges increased the cost of new construction and slowed the pace of building.
This made it even harder to meet the growing demand for housing.
More From GOBankingRates
Share This Article:
The Latest inInvesting
