The following quote is from an Newsday article by Stephen J. Bronner that was published April 25, 2025. You can read the entire piece here.
Wait it out and be prepared to fight
The current housing shortage has been around far longer than this post-pandemic period and will likely last for a long time, said Richard Murdocco, an adjunct professor at Stony Brook University’s public policy graduate program who also studies economic development. He said infrastructure and environmental issues have made it challenging to increase the housing supply and provide millennials with more options. Don’t count on it happening anytime soon, he added.
“Expectations need to shift,” Murdocco said. “The dollar does not stretch as far in the real estate market as it used to. I would not wait for rates to come down or more housing to be built. These are issues that have vexed us for decades now, if not more.”
