In recovering housing market, the starter home remains elusive

http://www.msn.com/en-us/money/realestate/in-recovering-housing-market-the-starter-home-remains-elusive/ar-BBvt0bV

Collier County has an issue with this, there are not many options for low priced real estate and many then are condos which cannot get FHA financing or have high HOA dues which puts debt to income ratios over lending thresholds.

Nationwide, the inventory of homes costing $250,000 or less fell more than 12 percent between June 2015 and June 2016, according to the National Association of Realtors.

The shortage stems from higher labor, land and building permit costs that have caused construction companies to focus on higher-end homes that bring more profit.

Corporations or companies now own nearly one fifth of all homes priced under $300,000 that are not occupied by their owners, according to property data firm ATTOM Data Solutions.