The U.S. housing market is short more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch has more of an impact on middle-income buyers than any other income bracket.
NAR and Realtor.com®’s housing affordability and supply report examines the number of listings missing by price range in the current market when compared to a balanced market. A balanced market is as when half of all available homes fall within the price range affordable for middle-income buyers.
“Middle-income buyers face the largest s