Lawrence Yun who is the Chief Economist with The National Assocaiation of Realtors has recently commented on this gap between supply and demand.
“While feedback from REALTORS® continues to suggest healthy levels of buyer interest, available listings that are move-in ready and in affordable price ranges remain hard to come by for many would-be buyers.”
The most recent Existing Home Sales Report shows that there is a 5.1 month supply of (9 comments)