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Limited Availability, Construction Slump: A Look Into The Frenzied Housing Market

If you’re trying to buy a house right now, it’s not easy. Some houses are selling for tens of thousands of dollars above the asking price or after bidding wars and all-cash offers.

The Association of Realtors reports that construction on new homes has fallen short by 5.5 million units over the last two decades.

Here & Now’s Tonya Mosley speaks with Derek Thompson, staff writer at The Atlantic, about what’s happening.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.