Realtor.com Boss Pens Blog Calling for Improved Housing Supply

Realtor.com CEO Damien Eales says the United States needs four million more homes amid a housing crisis.

"America is short 4 million homes [and] active inventory remains roughly 12% below pre-pandemic levels," said Eales in a blog published on Realtor.com.

"Prices have climbed 66% in a decade. The human cost is just as stark: the age of the first-time buyer has jumped a full decade to a record high of 40. The ladder of homeownership isn’t just missing rungs; it’s being pulled up out of reach."

Realtor.com has launched the "Let America Build" campaign to lobby for increased housing supply in the United States. The company has produced a series of reports grading states based on housing supply and affordability (see below).

Source: realtor.com

Realtor.com is the de facto agent-backed real estate marketplace in the United States, competing against the likes of Zillow, Homes.com and Redfin. Realtor.com is operated by the News Corp subsidiary Move, Inc., and serves members of the National Association of Realtors (NAR). The company increased revenue by nine per cent in the third quarter of 2025.

Eales wrote:

"Ours is an industry built on problem-solving. Yet, too often lately it has been beset by bickering. We have exhausted our energy debating the merits of Clear Cooperation and the demerits of private listings. These debates, while legitimate, have become distractions from larger challenges, and while we argue over how to slice a shrinking pie, millions of Americans are starving for a slice of the American Dream.

"Let’s move our focus from policy paralysis to property production. If we channel even a fraction of the energy of the industry into lobbying local lawmakers and advancing solutions, we won’t just save our industry. We will house our neighbors."

Realtor.com recently signed a new distribution deal with Movoto that will see its new construction inventory syndicated to Movoto's challenger portal, giving builders extra reach and Movoto a deeper slice of the new-build market.