What the housing crisis, new attitudes toward homeownership mean for starter homes

starter-home-300x200By Peter Muoio | inman

Across the country, the low inventory of homes for sale has dominated housing headlines, limiting stronger sales growth while fueling large price gains and ultimately feeding into the problem of declining affordability.

The National Association of Realtors (NAR) has noted the particularly low number of starter homes for sale as a key factor keeping potential first-time buyers on the sidelines. According to NAR, the percentage of first-time buyers continues to hover at a low level, accounting for just 30 percent of home sales this past month.

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