EXCERPT: “The lack of resale inventory and the shift in the market mix for new construction has pushed up home prices in most markets. While these gains represent a windfall wealth gain for existing homeowners (keep in mind the typical homeowner has a net worth of $231,400 compared with $5,200 for the typical renter, according to the 2016 Federal Reserve Survey of Consumer Finances), these price increases have a negative impact on the ability of prospective first-time home buyers to enter the market.” FULLSTORY: http://bit.ly/2CuB63B