The talking heads are crowing about a 4-year high in housing supply, but don’t let the spin fool you. According to a new Redfin report, the increase in homes for sale has nothing to do with solutions or progress—it’s because nobody can afford to buy them. Housing supply shot up 12.1% year-over-year in November, marking the highest levels since 2019. But here’s the catch: over half of those homes (54.5%, to be exact) have been sitting on the market for over 60 days. Why? Because they’re priced out of reach for the average American, who’s already drowning in inflation, stagnant wages, and soul-crushing debt. The Affordability Crisis: A Manufactured Disaster Let’s be real. This isn’t a “housing crisis.” It’s an…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the daily “While You Were Distracted” briefing.
No credit card required.
