The National Association of Realtors estimates about a million potential first-time buyers have been left on the sidelines because of rising home prices and other factors.
The story of Austin's attempt to build one home for a low-income family in a wealthy neighborhood sheds light on the answer.
Homes are staying on the market a few more days. Plus, there are more new listings and fewer bidding wars.
People were moving to suburban and secondary housing markets long before the pandemic began. But not like this.
Demand is still outstripping housing supply.
Research suggests a decline in housing affordability can significantly reduce job growth.
If you have to ask, you can't afford it.
The S&P CoreLogic Case-Shiller National Home Price Index hit a record high in August, and prices show no sign of moderating soon.
Houses are cheap. But banks won't make loans, especially in black neighborhoods