NAR, Realtor.com® Identify Growing Rift Between Housing Availability and Affordability

NAR, Realtor.com® Identify Growing Rift Between Housing Availability and Affordability

WASHINGTON (February 16, 2017) – Existing-home sales are forecast to expand 1.7 percent in 2017, but a new housing affordability model created jointly by the National Association of Realtors® and realtor.com®, a leading online real estate destination, operated by operated by News Corp [NASDAQ: NWS, NWSA]; [ASX: NWS, NWSLV] subsidiary Move, Inc., suggests homebuyers at many income levels could see an inadequate amount of listings on the market within their price range in coming months.