![suburban home green lawn for sale sign - why are houses so expensive](https://www.bankrate.com/2023/08/28102422/suburban-home-with-douglas-elliman-for-sale-sign.jpg?auto=webp&fit=crop&width=230&height=150)
Why is the housing market so expensive?
A supply-and-demand imbalance is part of why the housing market is so expensive right now.
Erik J. Martin is a contributor to Bankrate covering personal finance, including mortgages, the housing market, home improvement and credit cards. Based in the Chicago area, he is host of the “Cineversary” podcast and blogs on Cineversegroup.com and Martinspiration.com.
In addition to Bankrate, Martin has contributed to AARP The Magazine, Tte Chicago Tribune, Reader’s Digest, The Costco Connection and USAA, among other outlets.
A supply-and-demand imbalance is part of why the housing market is so expensive right now.
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