U.S. Housing Supply and Affordability Are at Odds was the Headline at Realtor.org Today
Lawrence Yun, NAR chief economist found a notable imbalance between what potential home buyers can afford and what is listed for sale. “The survey confirms that the lack of entry-level supply is putting affordability pressures on too many buyers – especially those at the lower end of the market, where demand is the strongest. This is why first-time buyers continue to struggle finding affordable properties to buy and are making up less than a third of home sales so far this year,” said Yun.
You can read the full article on Realtor.org here
The bottomline for homeowners here in Greater Boston is that if you have a home that would be of interest to a first time home buyer, you could probably sell it quickly and with very little hassle. Get the value of your home now
The inventory has been tight for a long time. Here was a past post low inventory