There is a massive housing shortage in America right now – and every agent and lender should be sharing this data with every nervous homebuyer. In a recent blog, I mentioned that over 80% of consumers think now is NOT a good time to buy. This is both because of today’s higher rates AND because many consumers fear that we will see a repeat of the 2008 housing crisis. But, according to real estate experts like Ken McElroy and Jason Hartman, we are facing the exact opposite problem that we faced in 2008 – because new housing units coming online have not come close to keeping up with household formations and/or population increases. Ken McElroy is a very reliable source, as he is a true real estate expert who focuses primarily on commercial and multifamily projects. He’s exceptionally successful already, and he has no reason or incentive to mislead residential buyers.Read More