There’s Still a Nationwide Shortage of Homes—so Why Are Sellers Getting Desperate in Some Places?

The long-term nationwide shortage of homes remains firmly in place. At the same time, local gluts of homes for sale are a reality.

If you’re a frustrated would-be homebuyer or a potential seller, you’d be reasonable to wonder what gives? Is there a housing shortage or are there too many houses? The answer is yes to both, with some nuance. maybeiii/Shutterstock

By Jeff Ostrowski Bankrate.com

For years, Americans have heard this mantra: There isn’t enough housing in the United States. The ongoing shortage explains why affordability is such a challenge, and why so many Americans are spending their 30s as renters rather than homeowners.