There’s been a rebound in home-buying demand in recent weeks, as evidenced by mortgage application data. But first-time buyers aren’t behind the surge.(Getty Images)The latest data from
Where Have All the Small Houses Gone?
Dated: October 19 2021
Being a first-time homebuyer these days can feel a bit like a hungry dog begging for scraps. And no one is rushing in with filet mignon anytime soon.
In stark terms, the problem is that there simply aren’t enough entry-level homes to go around—and their numbers are shrinking. While there is a severe housing shortage overall, the supply of starter homes has been slashed by more than half in the past five years, according to ® listing data.
While there is no single definition of a starter home, it is generally considered to be less than 2,000 square feet with a lower price tag that makes it available to traditionally cash-strapped, first-time buyers. For this analysis, our data team looked at any home (including single-family homes, condos, and townhomes) under 1,850 square feet.
If you are looking to Buy or Sell you want to make sure you are not just another number to your Realtor. Yes, it is a Sellers Market but if you are selling your home, you want to make sure you get the....
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(Realtor.com / Getty Images)(Realtor.com / Getty Images)Here’s what we already know: Since the COVID-19 pandemic began, the real estate market has been on a wild ride of
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