Paltry Inventory Stymies Would-Be Homeowners
The Washington Post recently examined the climate for first time home buyers and found that even more barriers exist to ownership than are commonly considered. Principally, the article looked at the lack of homes for sale and how that impacts those trying to enter the market. “The houses go so quickly” laments Teree Warren, a 31 year-old who is trying to buy a home in the Dallas area. Adding to delayed household formation, staggering student debt and slow wage growth, tight housing inventory is just one more reason that the lower homeownership rates we have seen in recent years may well persist for some time to come. Click here to read the article.