How Real Estate Professionals Can Help Stabilize Housing Inventory and Affordability
The housing market is currently facing challenges with inventory and affordability, but real estate professionals have a significant role in addressing these issues. By gaining a deeper understanding of the industry and taking strategic actions, Realtors, Real Estate Brokers, Loan officers, and Mortgage Brokers can make a meaningful impact on their communities. Here are some steps they can take. Understand the Industry and Its Challenges Real estate professionals must first grasp the complexities of the industry and the various factors contributing to the housing inventory and affordability crisis. This includes recognizing how certain organizations and practices, such as hedge fund investors, “iBuyers”, and built-to-rent communities influence the housing market. Investor Competition While it is commonly believed that the housing affordability crisis is primarily driven by low inventory and high interest rates, a significant underlying issue is the competition from hedge ...