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Report: Renting a Starter Home is Cheaper Than Buying in the 50 Largest Metro Areas

Report: Renting a Starter Home is Cheaper Than Buying in the 50 Largest Metro Areas

by Phil Hall | Aug 17, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Renting a starter home remains less expensive than buying in all 50 of the nation’s largest metropolitan areas, according to a new report from Realtor.com. Across the 50 largest metros, the monthly cost of buying a starter home was $2,553 in July. The national...
Report: Starter Home Market Is Down 300,000 Homes From 2019

Report: Starter Home Market Is Down 300,000 Homes From 2019

by Phil Hall | Jul 20, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Starter homes have become something of a non-starter in today’s housing market. According to a new data report from Realtor.com, there are roughly 300,000 fewer homes priced under $350,000 on the market today compared to June 2019, while today’s typical starter home...
Report: 65% of Homebuyers View First Purchase as Their Forever Home

Report: 65% of Homebuyers View First Purchase as Their Forever Home

by Phil Hall | Apr 22, 2026 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The concept of the starter home could soon become passe, according to the latest BMO Real Financial Progress Index report. The report, which polled 2,500 adults from Feb. 17 to March 18, found 65% of buyers expected their first purchase to be their forever home....
Report: Starter Home Market Is Down 300,000 Homes From 2019

Starter Home Sales Up Nearly 5%

by Phil Hall | Dec 4, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Starter home sales during October were up by 4.9% from one year according to a new data report from Redfin. In comparison, home sales for mid-priced (+0.7%) and high-priced (+0.8%) residences were also up from one year earlier. Among pending home sales, the starter...
233 Cities Have Starter Homes Priced at $1 Million

233 Cities Have Starter Homes Priced at $1 Million

by Phil Hall | Apr 24, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Half of all states have at least one city where starter homes costs begin at $1 million, according to new data from Zillow (NASDAQ: Z, ZG). Today, a starter home – defined for this analysis as being among those in the lowest third of home values in a market – is worth...

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