A housing shortage of 6.5 million refers to the gap between the number of available homes and the number of households in need of housing in a particular area.
Rental prices in the sunbelt state like Arizona are up
This shortage can lead to rising prices and competition among buyers, making it difficult for many people to find affordable housing.
Why The Market Crash Shouldn't Stop You From Buying
Real estate investors buying up all the homes refers to the phenomenon of investors purchasing multiple properties as investment opportunities, which can further contribute to the housing shortage and drive up prices.
If you're looking to buy a home in a market with a housing shortage and real estate investors buying up all the homes, it may be beneficial to act quickly and make an offer on a property sooner rather than later.
Real Estate Market Is Short 6.5 Million Homes
This can help you secure a home before prices rise further, and before it becomes even more challenging to find available properties.
Germaine Roberson
The Roberson Team
(602)686-8122
2415 E Camelback Rd 700
Phoenix, Az 85016