Yahoo TV Why the housing inventory crunch may not see near-term relief
US new home construction data revealed a decline in March, further tightening the already strained housing inventory. This development adds to the ongoing challenges faced by both homebuyers and sellers as they navigate the current market dynamics.
High interest rates have made it increasingly difficult for prospective homebuyers to afford the purchase of a new property. Similarly, homeowners looking to sell are finding it challenging to time their transactions, as the elevated borrowing costs and mortgage rates discourage potential buyers from entering the market.
Yahoo Finance's Dani Romero breaks down the details.
For more expert insight and the latest market action, click here to watch this full episode of Wealth!
This post was written by Angel Smith
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