NAR Economist Yun Sees US Housing Mismatch, Shortage

The video discusses the challenges in the existing home sales market, primarily due to low inventory and high mortgage rates. It explores potential solutions to increase inventory, such as reducing mortgage rates and encouraging builders. Regional differences in the housing market are analyzed, with a focus on the West region's performance. The video concludes with a discussion on the long-term effects of underproduction and potential solutions like tax incentives to address the housing shortage.

What is the impact of underproduction in the housing market?

What potential solutions are suggested to increase housing inventory?