First-time buyers need to earn $64,500 to afford a typical starter home
Housing Wire
JULY 28, 2023
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. Austin buyers must earn $92,000, down 3.3% year over year, and Phoenix buyers must earn $86,100, down about 1%. In June, the typical starter home sold for a record $243,000, up 2.1%
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