Elaine Bannigan, who was my real estate agent and got me into this biz, owns Pinnacle Residential Properties and just released her comprehensive report on the Wellesley-Weston market. She said it really well - "Young families yearn for this possibility (buying their first small house.) Yet, it's vanishing in America. In 1982, 40% of the newly constructed homes were entry level. By 2019, the annual share had fallen to 7%. The decline has been as 'steady as a metronome,' says Freddie Mac's chief economist. It's a huge problem if you think about the fact that home equity accounts for the bulk of wealth for the overwhelming majority of Americans." This was a very interesting perspective I wanted to share, from a great report.