Quiz: The State of Housing Supply and Demand

True or False: The overall supply of homes for sale continues to fall every year.

True or False: While the number of homes being built every year is increasing, there are still not enough new homes being built to meet the current demand.

True or False: Millennials -- young adults ages 25-34 -- are purchasing homes at a higher rate than Gen Xers and baby boomers at the same age.

True or False: Because of rising costs, developers are constructing more expensive homes that are out of reach of entry-level buyers.

True or False: The cost of a typical home is increasing at twice the rate of wage growth in the United States.