Urban Institute: 80% Of Homes On Market Unaffordable
Study says declining number of active listings nationwide puts homeownership out of reach for American with median income.
Study says declining number of active listings nationwide puts homeownership out of reach for American with median income.
The market may not stay calm for very long, though.
Lack of inventory continues to support growth in prices, which have increased year over year for 124 straight months.
Net new listings increase for pricey homes (400k+), while new listings for affordable homes decrease.
Our Way Home, a government housing initiative program, unveiled on Wednesday with the goal to close the gap on housing availability and affordability.
Austin, TX market hardest hit with increase of 63.2% year-over-year