Million-Dollar Starter Homes Surge Nationwide

Housing prices are exploding nationwide — a record 242 U.S. cities now have starter homes priced at a million bucks or more, up from just 80 before the pandemic. Driven by ultra-low mortgage rates, pandemic-era demand, and a severe housing shortage, these pricey entry-level homes are no longer limited to coastal hotspots like California and New York — now states like Illinois, Texas, and even Wyoming are joining the club. While the Northeast struggles with supply shortages, Sun Belt regions are seeing some relief. Still, the national average starter home remains around $198,000, and overall market activity has stalled since 2022, with high mortgage rates making it tough for buyers to break in. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0bc5bbf35d5ed784