Understanding Housing Inventory and What It Means for You – US News
September 07, 2022A low supply of homes for sale is only half of the housing market’s current inventory woes. The other half is increased demand, particularly from a generation that previously opted out of homeownership.
“We have such a tight inventory because of that millennial group,” says Jeff Taylor, founder and managing director of Mphasis Digital Risk, which provides mortgage services solutions.
With so many factors affecting the market, it’s not likely housing inventory levels will rebound anytime soon. Still, the situation is expected to improve for buyers. But don’t expect changes any time soon. It’ll be “about four years before we see things level off,” Taylor says.
