Entry-level houses scarce because underwater owners can"t sell

Entry-level housing is not available for sale because many owners of these properties are still underwater and unable to list and sell their homes.


From 2000 to 2005, house prices more than doubled in many areas of the country. Although rates of home price appreciation that high can’t be...
http://ochousingnews.com/blog/entry-level-houses-scarce-as-underwater-owners-cant-sell/