The U.S. Housing Market Is Short More Than 5 Million Homes

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There’s a reason why so many buyers have struggled to purchase a home in 2021. The U.S. housing market has experienced a huge decline in inventory, and it’s caused home values to soar.

Right now, the U.S. residential housing market needs 5.24 million more homes in order to meet buyer demand, according to a new report from Realtor.com. And there are a number of reasons why.

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The pandemic affected the housing market

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