America is 4 million homes short and it can take 10 years to catch up

 Well, this is just verifying what we've been talking about for the last few years. We are not building enough. We are over 4 million homes short in 2025, and about 2 million millennials and Gen Zers are unable to form their own household because it's too expensive and there's not enough supply. Hence, why the average first time buyer now is above 40 years old.

Oh, and it gets worse if you're in California. This chart shows that in California it's a lot worse. We're not building enough even close. Um, this is why if you're looking, waiting for the market to crash so you can quote, unquote buy and time the market, it's not gonna happen. Those days are gone. The reason is, is because we don't build enough, we have a supply issue, and until the supply side is addressed.

Homes will maintain their value or be more expensive, and that is the bottom line. Buy if you can buy, don't wait to time the market.