Starter home prices exceed $1 million in 242 US cities
Z Zillow Group Inc
$30.67 +3.79%
View chart & analysis → - 1Zillow released a report stating that 242 cities in the US have starter home prices exceeding $1 million.
- 2In July, the proportion of first-time homebuyers fell by half compared to the historical average.
- 3The National Association of Realtors released a report showing the average age of first-time homebuyers has risen to 40.
So what's the key point?
There are now 242 cities in the US where the price of a starter home exceeds $1 million. Because home prices have risen so much, the proportion of people buying their first home has decreased by half.
Source Fortune · View original ↗
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