that remain available for sale. Starter homes are quickly disappearing from the market.
Their absence has made it difficult for many first-time buyers to afford homeownership, especially in Fort Lauderdale, Florida; Newark, New Jersey; and Miami, where the income needed to purchase starter homes increased the most. In these cities, a typical starter home now costs $220,000, $335,000 and $300,000, respectively.Urbazon/Getty Images
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