Realtor.com, Santa Clara, Calif., reported that the supply of starter homes is improving, but there are still 300,000 fewer affordable listings on the market than pre-pandemic.
Tag: Starter Homes
Zillow Reports 242 U.S. Cities Have Million Dollar-Plus Starter Homes
The bar for entry-level homeownership has never been higher. Zillow, Seattle, reported that while the typical starter home nationwide is worth $198,649, a record 242 cities now have starter homes valued at $1 million or more.
Redfin: Starter Home Sales Increase in August
Redfin, Seattle, reported that sales of “starter homes” rose 3.8% year-over-year in August.
Redfin: Amount Buyers Must Earn to Afford Typical Starter Home Just Shy of All-Time High
Redfin, Seattle, found homebuyers need to earn $79,252 annually to afford the median-priced starter home, only about $500 below the all-time high notched in October 2023 and up 4.4% year-over-year.
Redfin: Pending Sales of Starter Homes at Highest Level Since October 2022
Redfin, Seattle, found pending sales of “starter homes” grew 10.2% year-over-year in July to the highest level since October 2022.