"Top Economist Forecasts 3-4 Year Housing Market Revival Amid Sharp Decline in Market Activity"

Economist Gary Shilling predicts a considerable revival in housing activity over the next three to four years as the frozen housing market struggles with high mortgage rates and low inventory levels. Other experts emphasize the need for interest rate reductions, construction pricing changes, and zoning modifications to increase housing supply and affordability. The primary issue facing the housing market is the imbalance of buyers versus sellers due to low inventory levels and pent-up demand.