Home prices are out of control. New home construction is low due to construction material inflation.
Yes, it's not the immigrants fault the housing market is such crap but the U.S. has almost 50 million people who are or once were immigrants. Tens of millions more are children of that group are citizens by birth . Maybe it is time to slow down immigration?Pick a housing statistic at random, and it’s probably setting an all-time record. Home prices: record high. Inventory: record low. Percentage of homes selling above asking price: record high. Average time on market: record low.