U.S. cities see rise in $1M starter homes
The number of metropolitan areas around the country with basic homes worth at least $1 million has tripled since 2020.
More U.S. metropolitan areas now have affordable homes priced at $1 million or higher. The count of such areas has increased significantly since 2020. This trend reflects shifting real estate markets across the country. Home prices have risen in many regions, making even basic homes expensive. The increase highlights growing affordability challenges for buyers. Experts note this trend may impact housing access for first-time buyers. The data shows a major shift in the housing landscape.
It indicates rising home prices and potential challenges for homebuyers in many U.S. cities.
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