“How Real Estate Professionals Can Help Address The Housing Shortage.” - Maddy Bjugan
The U.S. is no stranger to economic challenges, but one crisis has been looming large in recent years: the housing shortage.
Often referred to as the "housing crisis," this phenomenon represents a growing concern, both in the minds of the American public and the larger macrocosm of interconnected market economies. A pertinent example of this shortage first evinced itself in the multifamily real estate sector in 2022. The Wall Street Journal reported that investments in apartment buildings plummeted a staggering 74% as of May 2023 when compared to data from the same quarter a year prior.
What does this mean for the future? Some say the first ripples of this shortage could appear as early as 2025, which means there could be even more scarcity of available properties in less than two years from now.