US Housing Market Is Missing 320,000 Affordable Homes
There aren’t enough properties for buyers looking for a starter home at a price that works for average people.
An "Open House" sign outside a home for sale in New York.
Photographer: Tiffany Hagler-Geard/BloombergThis article is for subscribers only.
It’s tough out there for people looking for affordable starter homes.
The US housing market, suffering from a shortage of available properties, is missing about 320,000 home listings under $256,000, the affordable price range for buyers who earn as much as $75,000, according to a report from the National Association of Realtors and Realtor.com.