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11 hours ago

Starter home affordability is crawling back. These regions are best for first-time buyers

Americans who are looking to buy a home for the first time are seeing some gradual improvement in affordability, though the market remains far more challenging than it was before the COVID-19 pandemic – particularly in some parts of the country.A new analysis by Realtor.com finds that the cost of a typical starter home has risen from $256,000 in 2019 to $344,000, while the share of affordable listings priced under $350,000 has fallen from 55% to 37.6% in that period.Realtor.com senior economist Hannah Jones told FOX Business that the market for starter homes has changed "dramatically" since th...