This trend is the problem across the country as was recently reported by the National Association of Realtors by Inman, which is real estate news for brokers. There just aren't enough houses that people can afford. "The report notes that there were about 1.1 million homes available for sale at the end of April, up 5 percent from a year ago. If the market were balanced, nearly 51 percent of households earning $75,000 or less would be able to afford to buy 51 percent of the homes available for sale. But those households can currently only afford 23 percent of listings now, whereas five years ago, they could afford to buy half of all listings, according to the report."
In other news I want to give a special welcome to my new assistant Ava! After living in New York City she moved back home to Wellesley to pursue her goal of becoming an agent. Myself and MGS group are so excited to have her on board!!