New Problem: Not Enough Homes For Sale?

An article from CNN Money talks about a change in the market. Agents throughout the country are noticing supplies of starter homes shrinking.
“..the supply of moderate and lower priced homes is also tight, according to Lennox Scott, CEO of John L. Scott Real Estate. And not even the end of the homebuyer tax credit is expected to ease demand…”

Find the whole article here: http://money.cnn.com/2010/05/11/real_estate/home_supplies_shrinking/index.htm

“In lower price ranges, prices will stay fairly stable because we’re undersupplied,” said Scott.