The new problem for millennial parents in the Northeast: the million-dollar starter home

Millennial parents in the Northeast face a surge in million-dollar starter homes, with the region becoming the fastest-growing area for such unaffordable housing. Zillow reports 242 U.S. cities now have starter homes priced at $1 million or more, up sharply from 80 pre-pandemic, driven by chronic housing shortages and high demand. New Jersey and New York alone added 15 cities to the list in the past year.