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.