The surging residential real estate market of the last two years led to record-high home prices and record-low inventory. This simultaneous “double trouble” has made it increasingly difficult for consumers, particularly Black Americans, to achieve homeownership, according to a new analysis from the National Association of Realtors and Realtor.com.
The Double Trouble of the Housing Market report examines the impact that rapidly escalating home prices and diminishing housing inventory has on housing affordability. NAR