The National Association of Realtors issued a statement.
https://www.nar.realtor/newsroom/in...housing-crisis-realtorsr-say-marketwatchThey could have gone a lot further. Interest rates are a factor. Investment companies buying up affordable housing, which they commonly do with curbside cash offers, and rent them out for absorbent prices, is a considerable factor. In blue states, there is financial incentive to rent to illegal immigrants. In some areas, the investment companies are stacking them in a rental, as full as they can and making bank. There are numerous other reasons. This comes to the top of mind.