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. Those are also the metros where prices of starter homes have declined most, with median sale prices down 13.3%
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