First-time buyers need to earn $64,500 to afford a typical starter home
Housing Wire
JULY 28, 2023
In June, the typical starter home sold for a record $243,000, up 2.1% New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. home , assuming a 20% downpayment, rose 12.4% asking rent is just $24 shy of the $2,053 peak hit in 2022.
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