Urban Real Estate

Inventory Shortages On the Rise, Driving Prices to New Highs

Inventory Shortages On the Rise, Driving Prices to New Highs

This week, as brokers from Urban Real Estate joined thousands of involved REALTORS from across the country on Capitol Hill to inform legislators about the importance of preserving pro-consumer homeowner actions, lending programs, and flood insurance, the National Association of REALTORS chief economist, Lawrence Yun, shared his insights with Housing Wire, including that of impending increases on rents and home prices.  Yun says the "intensifying housing shortage will push up home prices and rents, and easily above wage growth and the broad consumer price inflation." 

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