November 2014 | By Lawrence Yun
Inventory remains tight, especially at the middle and lower price points. That trend reflects fewer distressed sales and steady appreciation, hurting affordability. First-time buyers are lagging and, in a shift, investors are starting to retreat from the market.
Reprinted from REALTOR® Magazine Online, November 2014, with permission of the NATIONAL ASSOCIATION OF REALTORS®. Copyright November 2014. All rights reserved. http://realtormag.realtor.org