Tougher Market For U.S. Starter Homes

Posted: June 9, 2023 | Source: southfloridaagentmagazine.com

According to a new report from Zillow, first-time home buyers who are often looking for the least expensive homes are faced with both low inventory and higher prices. Home prices have increased 8% for “bottom tier” homes (median price of $169,749) since March 2022.