The year 2020 may see the largest housing shortage in history, according to the 2020 National Housing Forecast from Realtor.com. Currently, only 1 in 10 markets is seeing housing inventory growth which, it is estimated, will result in a 1.8% drop in existing homes for sale in 2020.
“2020 will prove to be a challenging year for buyers, not because of what they can afford, but rather what they can find”, said George Ratiu, senior economist at Realtor.com.