Most Metro Areas Don’t Have Enough Single-Family Stock To Meet Demand

About 80% of metropolitan areas in the U.S. do not have enough single-family stock to meet demand, according to the National Association of Realtors. New York City leads the list of the areas where demand most outstrips supply. Not enough new home construction, coupled with existing low housing inventories and high prices, make the situation particularly difficult for first-time buyers.

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