starter homes
Coverage of starter homes in the Nexus archive.
- Home prices across the U.S. hit an all-time high
Home prices in the U.S. have reached an all-time high, with even starter homes becoming unaffordable for most Americans due to sky-high housing costs, according to housing data.
- Los Angeles sits on a sleeping giant of housing supply. It begins with starter home conversions
Los Angeles faces a housing supply challenge as the City Planning Commission considers delaying Senate Bill 79 to replace it with a 'Low-Rise Ordinance.' Research from the American Enterprise Institute’s Housing Center suggests legalizing starter home conversions—turning single-family homes into smaller units—could add 13,600 homes annually, generate $9 billion in property tax revenue over a decade, and address affordability and supply issues simultaneously.
- A record 242 US cities now have starter homes that cost $1M
A record 242 U.S. cities now have starter homes priced at $1 million, according to a report. This reflects a significant rise in entry-level housing costs across the country.
- Starter homes now cost $1 million in 242 US cities: Zillow
The number of U.S. cities with $1 million starter homes has roughly tripled since before the pandemic. Zillow reports that 242 U.S. cities now have starter homes costing $1 million.
- California is the worst state for first-time homebuyers — the staggering amount you need to pay
California ranks as the worst state for first-time homebuyers due to extremely high housing costs and down payment requirements. The article highlights the staggering financial burden required to purchase a starter home in the state.