Read previewIt's no secret there's a housing shortage in the US, and it's not likely to get better any time soon.
Hannah Jones, senior economic research analyst for Realtor.com, told Business Insider this year "will still be a challenging housing market."
"Buyers are seeing less home inventory, less homes for sale in the market, and sellers are less incentivized to sell in today's market," Jones said.
The situation is even more stark when looking at single-family homes alone.
Jones said, "multifamily housing has been a bit of a bright spot in the last couple of years."
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