Construction of homes, especially those that are affordably priced, has fallen in recent years, according to National Assn. of Realtors.
Are borrowers and lenders taking on too much risk?
"All of a sudden, these guys don’t have the wood to start supplying some of these jobs,” one analyst said.
Would-be homeowners aren't the only ones in the market for some new property.
Contingencies allow buyers, under certain conditions, to renegotiate or even back out of a deal without losing money.
The housing rush is fueled by the pandemic and the desire of people who can work remotely to get out of the city.
Homebuilders are passing the costs of delays on to consumers because demand for houses is so high.
The National Association of Realtors says it has more members than the number of homes for sale at the moment.
But they are still very low, historically speaking. Here's what that could mean for the housing market.