America’s housing market is splitting in two, and one group of buyers is getting left behind

Even though debate lingers about whether the K-shaped economy is over, the U.S. housing market is signaling it’s alive and well as activity remains starkly split along financial lines. The increasing financial inequality between high- and low-income households, characteristic of a K-shaped economy, continues to be a major dynamic that’s shaping the U.S. housing market, according to a report released Wednesday by Realtor.com. While people shopping for entry-level homes have been priced out and...