The prices are increasing so they become
challenging buyers, especially the first-time
purchasers.

During the last quarter of 2016 the home prices rose sharply fueled by low inventories particularly in the entry-level home price range. The supply and demand for example in the existing-home sales were up to 5.49 million dollars seasonally adjusted annual rate, which is the actual date for the month, multiplied by 12 and adjusted for seasonal sales differences. The inventory, the number of existing homes on the market at the end of the month went down with 1.65 million