Republican vice presidential candidate Sen. JD Vance delivers remarks during a campaign rally in Philadelphia, Pennsylvania.
Sen. JD Vance has repeatedly blamed high housing costs on immigrants. He's proposed deporting millions of people to address the housing crisis.
  • The US real-estate market is neck-deep in an affordability crisis.
  • GOP VP candidate JD Vance blamed migrants for America's higher housing costs in a Tuesday interview.
  • But experts say it really comes down to a severe lack of housing inventory.

Four years after the pandemic-era housing boom, the real-estate market continues to face instability.