Realtors: US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers
June 09, 2023
June 09, 2023
WASHINGTON, June 9 (TNSrpt) -- The National Association of Realtors issued the following news release:
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Key Highlights
* The U.S. housing market is missing about 320,000 home listings valued up to $256,000, the affordable price range for middle-income buyers (households earning up to $75,000).
* Middle-income buyers can afford to buy less than a quarter (23%) of listings in the current market. Five years ago, this income group could afford . . .
* * *
Key Highlights
* The U.S. housing market is missing about 320,000 home listings valued up to $256,000, the affordable price range for middle-income buyers (households earning up to $75,000).
* Middle-income buyers can afford to buy less than a quarter (23%) of listings in the current market. Five years ago, this income group could afford . . .