The United States currently faces a housing shortage of 4.03 million homes, with starter prices exceeding $1 million in half the country. This deficit matters to tech professionals because housing restrictions in high-productivity hubs like San Francisco have historically lowered aggregate national economic growth by a staggering 36%. While financing tools like 50-year mortgages are being discussed, a 3.6% drop in construction permits suggests the supply response is not yet matching the urgency of the crisis.
Read the full article at Realtor.com Blog
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Ali NematiWritten by Ali
