Between elevated rates and historically high home prices, the housing market has deterred buyers, many of whom are uncomfortable assuming a 30-year fixed-rate mortgage above 6%, according to the National Association of Realtors (NAR).
Another deterrent is housing supply—or lack thereof. In July, Zillow reported that the U.S. housing shortage hit a record deficit of 4.7 million homes. Fortunately, help for real estate buyers (and investors eyeing homebuilder stocks) is on the way.
