This chart explains everything that’s wrong with the housing market

 

 

 

Something is wrong with the housing market, and it’s the opposite problem of the most recent housing crisis.

Instead of too many people buying homes they can’t a

 

fford, there simply Chartaren’t enough homes available for people who want them. This is causing prices to go up and keeping would-be new homebuyers out of the market.

Michelle Meyer, US economist for Bank of America Merrill Lynch, laid out the problem in one succinct chart.

“The housing market remains tight — this is evident in

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