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Kiplinger
Kiplinger
Business
Alexandra Svokos

Only 16% Of Homes Listed For Sale Were Affordable In 2023

An aerial view of homes in a neighborhood.

Looking for a home this year felt impossible, as someone trying to buy a first home. 

I set alerts for listings with two real estate agents at two different firms as well as, of course, on Zillow and StreetEasy. And, yes, I'll admit, on Cabin Homes (a city girl can dream...). I was looking widely for different types of homes in different locations, from city apartments to suburban ranches, and over and over again it was the same story: inventory is extremely low, and the price of homes was slow to react against risen interest rates. 

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