Middle-class homeowners will get 'priced out permanently':

[Francis A.]

"The number of homes for sale reached an all-time low in December, as buyers remained active and eager to buy even during the holiday season. National inventory declined by 39.6% over the last year, and fell below 700,000 for the first time, according to a new report from realtor.com"

https://www.aol.com/middle-cla...

[Bradley Sriro]

I agree that it is definitely happening all across South Florida. The Fed is pumping what seems to be a never ending supply of liquidity into the market, we have all time low mortgage interest rates, and there are significant inventory shortages. All of this creates the perfect storm for asset price inflation. In my opinion, this is hitting first time home buyers especially hard and it's pricing many of them out of the market. 

For those who already own a home who are either moving up or to other areas, the affects are relative since their current home values have increased in value acting as an inflation hedge so to speak. What I have seen is that many would be home buyers are being forced to rent now because 1) They simply can not find a home due to a lack of inventory, or 2) They have been priced out of what they can afford because of the limited supply and very high demand.