We can't all be above average. The implication if 21% of listings satisfy traditional standards of affordability for the median buyer is that the supply of hom

We can't all be above average. The implication if 21% of listings satisfy traditional standards of affordability for the median buyer is that the supply of homes is 1.21 * 0.50 = 60.5% of the homebuying population. That's low, but not too far off of historical norms [1]. Apartments are a thing. Historically (post-baby-boom) about 35% of the U.S. population has been renters, unable to afford a house at all. For some reason close to 100% of the population believes they are not going to be in that 35% when they grow up. [1] https://www.statista.com/statistics/184902/homeownership-rate-in-the-us-since-2003/ https://www.statista.com/statistics/184902/homeownership-rat...