06/01/2026
You’ve probably seen headlines saying the housing market is “cooling.” Higher interest rates and slower home sales can make it feel like things are starting to ease.
But that only tells part of the story.
What’s actually happening underneath is less about demand slowing down and more about people being pushed out of homeownership. Higher mortgage rates, elevated home prices, and limited inventory have made buying a home harder, even for people who want to.
At the same time, the U.S. faces a long-standing housing shortage of 3 to 7 million units. This gap, decades in the making, will not be solved quickly. While headlines suggest a softer market, the underlying supply imbalance remains.
Read more: https://bamcapital.com/the-apartment-shortage-no-one-is-talking-about/