Starter homes are no longer simply small, affordable first homes. Instead, they have become a homeownership entry point, which could mean a condo, townhome, or even an Airbnb. “‘Starter home’ means different things to different people. For some, it’s a cozy condo; for others, it might be a multi-million-dollar estate,” said Michael Coleman with The Agency Denver. “What’s consistent is that real estate, when done right, is always a good investment.
Similar Stories to How Rising Prices Are Redefining The Starter Home Market on Bing News
Sara B. Hansen, Denver Post
Fri, 09/27/2024 - 9:02pm
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BING NEWS:
- How rising prices are redefining the starter home market
Starter homes are no longer simply small, affordable first homes. Instead, they have become a homeownership entry point, which could mean a condo, townhome, or even an Airbnb.
09/27/2024 - 5:02 pm | View Link - The starter home launched generations of American homeowners. Can it still deliver?
Larry Freudenberg remembers the first home he bought with his ... "People often buy starter homes with the idea of staying in them for, say five years or so, but in today’s market with high prices and ...
09/25/2024 - 7:51 am | View Link - Americans need more money to purchase a starter home, report says
A recent Redfin report indicates that Americans need to earn nearly $80,000 a year to afford a typical starter home. This amount is about $20,000 more than the average household income.
09/23/2024 - 12:55 pm | View Link - UK inflation rate: How quickly are prices rising?
How is the UK's inflation rate measured? The prices of hundreds of everyday items, including food and fuel, are tracked by the Office for National Statistics (ONS). This virtual "basket of goods ...
09/22/2024 - 6:18 am | View Link - As more first-time homebuyers are priced out, what can revive the American starter home?
Only one-third of American families can afford a starter home in just 10 of the 100 largest cities in the U.S., CBS News found.
09/16/2024 - 1:14 pm | View Link - More
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