These US states have been hit hardest by the new housing crisis

Housing markets across the US are starting to get dramatically tighter, with rents skyrocketing and housing supplies becoming scarcer, suggesting a new housing crisis. In some markets, prospective homebuyers are increasingly likely to place bids on homes without seeing them firsthand. One measure of the US housing market’s tightness is the vacancy rate, or the percentage of housing units that are unoccupied and awaiting buyers or renters. A low vacancy rate could suggest a lack of available apartments and houses for people who want them, while a higher rate implies a bigger supply relative to demand.


Source: Business Insider

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