As housing affordability weakens, more buyers are left out in the cold via CNBC

The cost of housing is rising at a fast clip, and nowhere is it more apparent than in the market for newly built homes.

Sales there are rising, but only on the higher end, and that is leaving the majority of entry-level buyers out of luck and out of home ownership because there are so few cheaper, existing homes for sale. While homebuilders claim they are trying to target the high demand from entry-level buyers, the numbers simply don't show that.

Read more...As housing affordability weakens, more buyers are left out in the cold