Tag Archives: starter homes

How inflation is changing buyer behavior — and what agents can do 

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Help buyers understand the long-term impact of a real estate purchase instead of getting hung up on short-term market challenges, Luke Babich writes. Continue reading →

1st-time buyers say ‘yes’ to older starter homes due to higher costs

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New construction starter homes have become a thing of the past as costs continue to rise, according to a report from Cotality. More buyers are flocking to a new kind of starter home, which is older and smaller. Continue reading →

Number of cities with $1M starter homes balloons 174% from 2020

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From 2020 to 2025, the number of cities with million-dollar starter homes has grown from 85 to 233. Twenty five states had these cities, with California and New York having the highest concentration. Continue reading →

Former HUD Secretary: We need big ideas on affordable housing

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At her first ICNY appearance, former HUD Acting Secretary Adrienne Todman talked about missed opportunities to improve inventory and why it’s will — not funds — keeping the U.S. from solving the affordable housing crisis. Continue reading →

Pending starter home sales soar as first-time buyers return to market

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Pending sales of starter homes surged 10.2 percent in July, reaching their highest point since October 2022 as mortgage rates began to decline, according to data released Monday by Redfin. Continue reading →

Buyers need $7,200 more than in 2022 to afford ‘starter’ homes

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The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. “starter” home in 2023 — up 13 percent from a year ago, according to a report from Redfin. Continue reading →

5 myths (you may believe) about affordable housing

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Think you know the facts about affordable housing? Think again. Missy Yost debunks five common misconceptions around affordable housing and shares ideas to help you get involved in your local community. Continue reading →

Affordable where? Fed efforts to cool the market still don’t create affordable housing

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Although the Fed’s move to calm the market is a step in the right direction, it may not ultimately have much effect on affordability. Anthony West outlines the factors that are contributing to ongoing home value increases. Continue reading →

Whopping 3.9 million more homes needed to meet buyer demand

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From 2012 to 2019, builders constructed 5.9 million homes — far fewer than what’s needed for the 9.8 million households created during the same time period. Continue reading →

Competition for starter homes will only heat up. Here’s why

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Market trends and emerging businesses and tools are hampering the dream of buying a home for the 19 million millennials who want to and have the income to do so but are still renting. Continue reading →