16 Sep 2025 9:03 am
I agree investors have taken a slice of the available homes but there is still a reported shortage.Cannonpointer » 15 Sep 2025, 8:58 pm » wrote: ↑ That was a mouthful.
The boomers are dying, and half of them have their own homes and vaction homes. The illegals are leaving. We have a housing unit for every 2.1 people - a lower percentage of people per home than any country I can find (I've checked ireland, england, and italy).
I think the big problem is how many homes are owned by corporations using them as air b and b's.
We are over-built and under-utilized.
You would think if there was an over abundance of homes prices would drop sharply but that hasn't happened. I believe there are a few areas under some pressure though. Zillow shows our house down about 3% from last year.
Significant rate cuts will definitely boost the housing market.
This site has an interactive map to check out the stats on your state.
The State of Housing in America | U.S. Chamber of Commerce https://share.google/841ZHh3lcOI8hWckL
Housing has long been a cornerstone of the American dream and a vital component of the nation’s economy. Yet, the U.S. housing market is severely strained due to a fundament imbalance between supply and demand. A severe shortage of over 4.7 million homes has created cascading economic and social challenges, from skyrocketing prices to reduced workforce mobility.
Zillow Group, Inc. - US housing deficit grew to 4.7 million despite construction surge https://share.google/IHxkKAuGn7NyzE1aB
SEATTLE, July 9, 2025 /PRNewswire/ -- America's housing shortage grew to an all-time high of 4.7 million units, according to a new Zillow® analysis(opens in a new window) of recently released Census data. This deepening housing deficit remains the prime driver of the nation's housing affordability crisis.