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Chart of the Week
US housing demand continues to outstrip supply. In December, the number of single-family homes for sale reached a 30-year low. Moreover, the median length of time between when homes were listed and sold continued to shorten. While higher interest rates may challenge affordability, robust demand against persistently low inventory may still drive double-digit housing price appreciated in 2022.
Source: Wall Street Journal and National Association of Realtors.