US Housing Shortage Is Getting Better

by toptenrealestatedeals

According to Zillow, the US housing shortage grew by only 43,000 homes in 2024 to a total of 4.7 million homes. It was the smallest increase in years. Housing affordability also stopped worsening in 2024, as about 33% of for-sale listings on Zillow were affordable for a median-income household, the same as in 2023. In 2021, about 54% of for-sale listings on Zillow were considered affordable.

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