The U.S. housing market is "about to get hit by a big demographic shift," according to real estate analyst Nick Gerli, as the number of deaths in the country is expecting to exceed the number of births by 2033.

This gloomy prediction comes from a report released earlier this year by the Congressional Budget Office (CBO), which also said that the U.S. population growth rate is expected to wane over the next three decades, increasing by 0.2 percent compared to the 0.9 percent reported from 1975 to 2024.

Newsweek contacted Gerli for comment by email on Monday, outside of standard working hours.

Why It Matters

For decades, the country has faced a chronic shortage of homes, with inventory unable to keep up with relatively steady and even growing demand from buyers. Younger generations have

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