HOW WE GOT HERE, HOW WE ADDRESS IT AND THE DEMOGRAPHIC SHIFTS THAT WILL IMPACT WHAT AND WHERE WE CALL HOME
“In a lot of metro areas, the supply of new housing is constrained by very tough local zoning requirements,” said Ken Rosen, chairman of real estate market research firm Rosen Consulting.
“When it is harder to build things, it becomes more costly.
The affordability gap
widens.”
Rosen said low interest rates and
stimulus checks in 2020 fueled a strong desire for homeownership, but noted
that it is increasingly difficult to supply housing to meet the demand.
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