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5.6M vacant homes and counting: There's a housing crisis brewing in the US

American could be in the middle of a major housing crisis, especially in the key metropolitan regions of the country, and there is a need to address and resolve it at the earliest, as things could disrupt the housing market at any time. Housing crunch and rental availability are some of the key factors driving this impending crisis, claim reports.

Although alarms around this scenario have not yet been raised, there is no denying the fact that this shortage of homes in metropolitan regions clearly depicts the true nature of a housing crunch in the United States, which is a big problem for the federal administration to address in the coming months. According to a latest report by top property site Realtor.com's analyst Hannah Jones, the major reason for this Epic housing crisis in some of the metropolitan regions is ' rental availability.' Yes, housing prices have escalated in recent years, based on several market factors, including location, season, mortgage rates, and multiple other reasons.

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