That dynamic will continue in 2020 and added pressure on the middle range of the market. Millennials will dominate the housing market, accounting for 50% of all mortgages by spring, according to the forecast. Just short of 5 million millennials will turn 30, which is when many people buy their first home, and the oldest will turn 39, generally when family dynamics kick in and people move to larger homes in the suburbs.
On the bright side, builders are well-positioned to increase profits thanks to the shortage of existing homes for sale. Sellers, however, have yet to meet the incremental demand with additional new supply in most markets, Horne noted.
stop fear mongering please or I will block you
Damn. Looks like only the builders will win out in the near future. Everyone else will get squeezed. Or at least pinched.
Jep. Too many People on the planet :)
A housing shortage is going to cause prices to drop ? No wonder CNBC supports socialists, they don’t know basics of supply and demand
warrendov Liesssss, there will never be a shortage. Cost availability yes, but never a shortage
FOOLS, fire the person who wrote this article. Price gets higher when there's a shortage and aka. real estate agents will start a price wars.
a dearth of solar panels.
Housing is a necessity. We don’t celebrate the price of food skyrocketing. Housing should be treated the same.
Buyer's in Northern CA will be facing Multiple offers for a SFR, as supply drops, and boomers need to start selling their houses at a reasonable price 😊🏠
Lol is so funny and fake.
My hometown is nothing but homes for sale. All our good jobs are leaving
A housing shorage is causing a homesales drop ! The economy is NOT right .
Thus repealing the law of supply and demand?
Home sales might not drop !
Due to high taxes
Total BS! cnbc stop the doom and gloom
Wait, a shortage of supply will drive the price down? Sounds like a prime environment for rising prices to me.
How can you have a housing shortage and prices drop? Econ 101 says that shortages cause prices to rise.
What then happens to the morons who have taken million dollar loans and have paid half or more of it? Naturally, they become the fools! Exit now! Sell it and rent out, or you won’t even have money to pay the rising property taxes eventually!
Ein Haus in dieser Lage würde ich mir niemals kaufen. Da war ja Berlin-Marzahn noch besser. Mit Schule, Supermarkt, Post und Kulturzentrum in der Nähe. Straßenbahn und Bus vor der Tür.
No house values dropping in Northern California Bay Area... 😊 wishfulthinking
tuser5555
There is no shortage. That is a lie to bolster profit. Once boomers realize they can't get what they want for their downsizing yrs. Will have to stay in their paid off houses or rent em & pass them down in an attempt to ride out the boomer bubble drop.
Shrink in Fountain Valley plz 🙏🏼👍🏻
looks like North Korea, lol, lame
Demographics prove housing OVER supply is on the horizon
A housing shortage should be bullish, not bearish, for prices.
Honestly, who tf cares? Just buy friggin stocks.
Doesn't sound like there's a shortage in places in Texas.
These are the kind of numbers that prelude problems for an economy.
How do prices fall if there is a shortage? Shouldn't they rise.
Ohhh no chicken little the sky is falling says the federalreserve shareholders propaganda media! POTUS