City Weekly · A And E
The housing shortage will continue into 2025 with high interest rates and low supply.
Happy 2025! Another year has passed and sad to say, we're moving into another year facing a local and national housing crisis.
Happy 2025! Another year has passed and sad to say, we're moving into another year facing a local and national housing crisis. Looking at data around the nation, Zillow says we're down 4.5 million homes; Freddie Mac says 3.7 million. New housing starts were down in the fall and housing prices and rents are higher than ever.
Ugh. What continues to cause this problem? There are several issues that continue to plague us: 1. Inflation is slowing but not enough to bring down mortgage rates.
This is a 600 character excerpt. Read the full story at City Weekly, where it was published on January 2, 2025.
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