4.7 Million Homes MISSING: The Housing Crisis You Haven't Heard Of
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4.7 Million Homes MISSING: The Housing Crisis You Haven't Heard Of
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Uncover the staggering truth behind America's housing deficit: a critical 4.7 million homes are simply not available, a figure that grew even amidst a construction surge [Zillow]. This episode of "the WiRE" dives deep into the complex factors driving this crisis, from evolving mortgage rates that leave the summer market on standby [realestatenews.com, themortgagereports.com] to the rise of spec building on shrinking lots [eyeonhousing.org]. We'll dissect how consumer demand continues to outpace affordability [cnbc.com], highlight the often-overlooked financial pitfalls like surprise HOA costs [realestatenews.com] and the risks of private debt in real estate [biggerpockets.com], and explore the broader market shifts investors and homebuyers must navigate [biggerpockets.com]. Prepare for insights that will reshape your understanding of the current real estate landscape.