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Housing shortage starts easing as listings surge in June

CNBC LogoCNBC1 mo ago

Housing shortage starts easing as listings surge in June

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The historic housing shortage brought on by slow construction and strong demand from buyers in the pandemic is finally starting to ease.

As a result, the affordability of buying a home in the second quarter dropped in 97% of the nation, according to ATTOM.

That's the highest percentage since 2007 and up from 24% the year before, marking the biggest jump in more than two decades.


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Article Details

Category: Economy

Topics: Business News Cnbc Articles Mortgages Real Estate Foreclosures Real estate US: News Housing Source:tagname:CNBC US Source

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 17:48:29

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 4 minutes read

Article Length: 625 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 23429

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About CNBC

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Main Topics: Economy

Official Website: cnbc.com

Update Frequency: 20 posts per day

Year Established: 2005

Headquarters: United States

News Last Updated: 15h ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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