Is the $1 Million 'Starter Home' the new reality in California?

Is the $1 Million 'Starter Home' the new reality in California? The entry-level bar has officially been raised. 📈 View the full video on my YouTube! https://youtu.be/yjQmcYATi7o?si=L9Rt7n8p3U7Fj5bD According to a massive new report released TODAY, a record 242 cities in the U.S. now have "starter homes" (defined as the lowest third of property values) priced at $1 Million or more. 🛑 The kicker? California holds 105 of those cities. 🌴 In Southern California, a seven-figure entry point has become the baseline. But while the headlines sound discouraging, it doesn't mean your homeownership goals are over—it just means the traditional playbook is officially dead. In tomorrow's new podcast episode, Rick and I break down the exact strategies local buyers are using to conquer the million-dollar threshold this summer: 👉 Leveraging rate buy-downs instead of chasing price drops. 👉 Using the condo and townhome market as a high-equity stepping stone. 👉 Capitalizing on June's new inventory surge to negotiate serious seller credits. Stop stressing over national headlines and start using local, boots-on-the-ground math. 💯 Meghan Shigo, Realtor Century 21 Affiliated DRE 01243803 #meghanshomes #meghanshigo #housingmarket #homebuying #housing #realestate #realtor