The number of US cities where first-time homebuyers are faced with at least a $1 million price tag on the average entry-level home has nearly tripled in the past five years, according to new research.
A Thursday report from Zillow indicates that a typical starter home is now worth $1 million or more in 237 cities, up from 84 cities in 2019, underscoring America’s ongoing home affordability crisis.
“Affordability has been strained across the board,” Orphe Divounguy, a senior economist at Zillow, said. “We see the largest number of million-dollar starter homes in expensive coastal markets. We see them in markets with very low homeownership rates and we see them in markets with more building regulations.”
Nobody knows what a “starter home” is anymore anyway. Sellers play them all up through the roof anymore
"A Thursday report from Zillow… "
Fuck you Zillow! You are mostly at fault as to why the housing market is such shit
Good news and bad news…
Good news is everyone in the Middle Class is a millionaire!
Bad news is there is no middle class anymore.
Starter home? This is a finisher home! A dwelling of gods, THE GOLDEN GOD
Why would Trudeau do this to the USA
Pierre Poilievre… Probably