Finding a starter home in today’s housing market can seem like searching for a needle in a haystack. Over the past five years, rapid home value appreciation, fierce competition, and high mortgage ...
The term “starter home” has traditionally meant a house that’s affordable enough for first-time buyers, but finding one can be a challenge in the current market. Realtor.com likened it to “searching ...
For many first-time buyers, starter homes feel like an endangered species. In hundreds of cities nationwide, so-called starter homes now cost $1 million or more.¹ Even in areas where prices are lower, ...
House hunter Karisma Hazel is hoping to buy a home this spring. She knows it could be gone if she waits too long to make an offer on a home she loves. “We saw one that we loved, and the day we saw it, ...
Starter homes are starting a little bit higher these days, according to a Redfin report. The typical U.S. starter home sold for a record median price of $260,508 in August, rising 2.2% from a year ...
The sales of starter-homes rose nearly 4 percent year-over-year in June, though the largest inventory climb since October 2019 is mired by record prices up roughly 3 percent since last summer, ...
Starter-home sales have been on an upward trend for more than a year, consistently outperforming the rest of the market through 2025 as buyers shift their focus to the most affordable homes available.
In comparison, sales of mid-priced homes (35th-65th percentile of the market by sale price) fell 0.9% year over year in July, while high-price homes (65th-95th percentile) fell even more, down 3.6%.