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Sam Hakter, chief economist at Freddie Mac, wrote that “more than half of all states have a housing shortage.”
“You can't buy what's not for sale,” said Mark Fleming, First American’s chief economist.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 22 seconds
U.S. Housing Market is Short by 3.3M Units: Freddie Mac
According to a new research report by Freddie Mac, the U.S. housing market is undersupplied by an estimated 3.3 million units, a shortage that’s rising by roughly 300,000 units annually. So reports Yahoo Finance.
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