Housing Shortage Disproportionately Affects Middle-Income Buyers.

TL;DR Summary
Middle-income home buyers in the US are facing the most severe housing shortage of any other income bracket, with the market short of more than 300,000 affordable homes for these buyers, according to a new analysis from the National Association of Realtors and Realtor.com. Middle-income buyers can afford to buy less than a quarter of listings that are currently on the market, compared to half of all available homes five years ago. The US needs to add at least two affordable homes for middle-income buyers for every home listed for upper-income buyers.
Topics:business#affordable-homes#homeownership#housing-shortage#middle-income-buyers#real-estate#real-estate-market
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- Study: Middle-Income Buyers Suffer Most in Housing Shortage NAR.realtor
- The Starter Home Is No More, Even in Second Tier Markets Mish Talk
- First-Time Home Buyer Metro Affordability Report — Q1 2023 NerdWallet
- View Full Coverage on Google News
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