The dream of home ownership is becoming more elusive for some first-time buyers. Zillow found that a record 242 cities have starter homes valued at $1 million or more. Orphe Divounguy, senior economist at Zillow, joins “The Takeout” to discuss. Source link
Online real estate marketplace Zillow found that 242 U.S. cities now have starter homes worth $1 million or more, nearly triple the number of cities reported in 2020. The company defines a starter home as one in the lowest third of home values in a given region. CBS News MoneyWatch reporter Megan Cerullo has more. … Read more
As U.S. housing costs continue to climb, 242 cities across the country now have “starter homes” costing at least $1 million, according to Zillow. The number of metropolitan areas with basic homes worth at least seven figures has tripled since 2020, the real estate firm said in a new analysis. Zillow defines a starter home as … Read more
A list of addresses and a car: This is how Americans have gone house hunting for decades. And that’s what Zillow CEO Jeremy Wacksman was doing with NBC News recently not far from Manhattan. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. A nice house in Rutherford, New … Read more