Homes sit empty across the United States while potential owners and renters face affordability challenges and housing shortages in America’s more desirable regions. Real estate and mortgage insiders say the paradox of having both a surplus and shortage of housing is symptomatic of a deeper problem: The country’s supply is disconnected from where people want and need to live.
These geographic discrepancies are compounded by issues like America’s aging housing stock and a concentration of vacant units in seasonal or economically declining markets.
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