The US Housing Market Struggles with Limited Inventory

The US housing market is facing a significant inventory shortage, according to Realtor.com chief economist Danielle Hale. While there is expected to be a slight increase in single-family construction next year, Hale believes it will take several years to address the deficit. Home prices have remained flat, and confidence among builders has declined due to higher mortgage rates. Renters are also facing challenges, as housing costs continue to rise, leaving few options for savings.