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A mismatch of home buyers and sellers points to pain this year

Posted by   /  February 8, 2017  /  No Comments

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Data suggests there is a significant and growing shortage of lower-priced homes and a glut of high-end ones

By Laura Kusisto | The Wall Street Journal

The divide between the prices of homes Americans want to buy and the inventory of such homes is growing, suggesting first-time home buyers and high-end sellers might have a difficult year ahead of them.

Across the U.S., 27% of online home searches in the fourth quarter were for starter homes, but only 21% of listings were in that price range, according to Trulia, a real-estate information company.

Meanwhile, just 44% of searches were for luxury listings, while 55% of home listings were priced at the high end.

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