Real Estate — Housing Inventory Remains Below Pre-Pandemic Levels as GSEs Inject $12.5B into MBS Market

Real Estate · 2026-03-03

The real estate market is showing signs of structural transformation across multiple fronts. Despite a 9% year-over-year increase in listings, 36 states remain below 2019 inventory levels, with major markets like Chicago showing 70% supply deficits compared to pre-pandemic norms. This inventory constraint is being actively managed at the federal level, with GSEs deploying significant capital…