Realty Check’s Diana Olick says that while demand is ticking up for housing, thanks to lower interest rates, there are just too few entry-level homes for sale. She points out that the homes Homebuilders are building are largely in the move-up and luxury sectors, not entry level. Indeed….
“Affordability is still an obstacle…The trouble is that while there are more houses coming on the market, and prices are easing slightly, there are still not enough affordable homes for sale. Supply is increasing largely because homes are sitting on the market longer.”