Even in the lower price range homes, first-time buyers have trouble finding a home. Inventory fell in 19 of the largest cities in the U.S. “If the supply of housing increase, then the prices will begin to reduce.” (Diana Olick) This will cause an increase in demand for the housing market. Other factors play a role in why the demand for housing has decreased. “Homeowners have negative home equity which means they are paying more on their mortgages than what the house is actually worth.” (Diana
Even in the lower price range homes, first-time buyers have trouble finding a home. Inventory fell in 19 of the largest cities in the U.S. “If the supply of housing increase, then the prices will begin to reduce.” (Diana Olick) This will cause an increase in demand for the housing market. Other factors play a role in why the demand for housing has decreased. “Homeowners have negative home equity which means they are paying more on their mortgages than what the house is actually worth.” (Diana