Starter-Home Shortage this 2017

Reading Time: 3 minutes

By Trulia, Special for USDR

 Trulia®, a leading destination for homebuyers and renters, today released the findings from the Trulia Inventory and Price Watch. This quarter’s report found that the number of homes for the average first-time homebuyer saw its steepest year-over-year drop in three years, falling 12.1% since 2015. Moreover, these buyers will need to pay 1.9% more of their income on average to buy a starter-home in their local market.

U.S. Housing Inventory Shrinks 9.1% Year-Over-Year
Nationally, housing inventory fell for the sixth consecutive quarter, dropping 9.1% from a year ago. Across different housing segments, home buyers saw the biggest decreases in starter and trade-up home inventory. The number of starter homes and trade-up homes on the market dropped 12.1% and 12.9% from this time last year, respectively. Meanwhile, premium home inventory fell a more moderate  5.6%.

Show Buttons
Share On Facebook
Share On Twitter
Share On Google Plus
Share On Linkdin
Share On Pinterest
Share On Reddit
Share On Stumbleupon
Contact us
Hide Buttons
Rimons twitter widget by Rimon Habib