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#507 - Millennials are getting screwed again by their 2nd housing crisis in 12 years
News For Reasonable People
English - May 07, 2021 10:00 - 41 minutes - 28.6 MB - ★★★★★ - 7 ratingsInvesting Business Entrepreneurship san francisco trending news protests defund the police antifa blm seattle conservative republican journalism Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
America is running out of houses amid a historic housing shortage and record-high selling prices.
A recent bank note from Jefferies said the US was short 2.5 million homes, while Freddie Mac put that estimate higher at a shortage of 3.8 million. There are 40% fewer homes on the market than last year, a Black Knight report found.
It's bad news for many aspiring homebuyers - but especially for millennials. It's just the latest chapter in a long line of bad economic luck.
Join your host Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he takes a look at this developing topic.
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