Housing inventory continues to fall nationwide, as we continue to see home availability dip for the eighth consecutive quarter. In fact, the end of the first quarter in 2017 recorded a low for home inventory in the United States. Trulia conducted an analysis of supply and affordability for the three housing segments – starter homes, trade-up homes, and premium homes – explaining the correlation between our declining inventory and home prices.
Three factors that go into the analysis include:
- The number and share of inventory that are starter, trade up, and premium homes
- The change in share and number of these homes
- The affordability of those homes for each type of buyer
A more in depth look at the Trulia’s home inventory analysis can…
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