There Is Still a Residual Shortage of Housing, Says The National Association of REALTORS® - CNBC


"There was a housing shortage pre-COVID and then in the first couple of years of COVID the Real Estate boomed because of the low interest rates and the shortage intensified, but in 2022 because of rising mortage rates, steadily home sales declined, declined, declined. Furthermore, apartment building went gangbusters, 40-year high activity. So, we still have a residual shortage of housing. So, before 5 million, now 4 million in my estimation," said NAR Chief Economist Lawrence Yun.

Watch the full interview with Lawrence Yun