Lopsided Housing Rebound Leaves Millions of People Out in the Cold

http://www.msn.com/en-us/money/realestate/lopsided-housing-rebound-leaves-millions-of-people-out-in-the-cold/ar-BBvtvFU?li=BBnbfcN

I can see how this happens here in Collier County.  Everything is so expensive that leaves no options for buyers at the lower price point.  New construction here is pretty expensive as well making it difficult for buyers. 

But most of the price gains, economists said, stem from a lack of fresh supply rather than a surge of buyers. 

“I don’t think we are in a normal housing market,” said Lawrence Yun, chief economist at the National Association of Realtors. “The losers are clearly the rising rental population that isn’t able to participate in this housing equity appreciation. They are missing out on [a big] source of middle-class wealth.”