What has caused the housing market to skyrocket, and why?
The lack of homebuilding coming out of the global financial crisis created a housing shortage amid demographic changes and a ramp-up in household formation, and since then, the Covid crisis and resulting exodus from urban areas exacerbated the shortage of single-family houses for sale. The surge in demand caused home prices to shoot up. And it’s not over…
The US Housing Market Won’t Be Cooling Anytime Soon
Advertisements
