i would have sworn a bunch of dead / retirement home boomers and several years of slowed down immigration would have led to a housing surplus
boomers don't seem to be dying all that much*, and a lot of them refuse to leave their homes for a retirement/nursing home**
* this is purely anecdotal and I'm sure someone will come in here and yell at me about the death rates blah blah blah
** this too is anecdotal and just seems to be what I am noticing in my area