Are Starter Homes Making a Comeback?
For decades, a starter home was the first step toward building wealth through homeownership. These homes were typically smaller, more affordable, and designed to help first-time buyers enter the market. Today, they’re making a gradual comeback—but affordability is still a challenge.
The good news? There are 220,000 more starter homes on the market than there were four years ago, and prices have eased slightly. However, buyers now need significantly higher incomes to qualify due to today’s mortgage rates.
If you’re waiting for the “perfect” time to buy, remember that every market creates opportunities. Whether you’re searching for your first home, exploring new construction, or comparing financing options, having the right strategy is more important than trying to time the market.
Let’s find the right home that fits your budget and your goals.
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