Starter Homes are Hard to Find these days
A growing shortage of entry-level single-family homes, or “starter homes”, is posing an enormous threat to prospective first-time buyers, according to Freddie Mac. The supply of starter homes, which the mortgage giant defines as homes up to 1,400 square feet, is hovering near a 50-year low. Data from the National Association of Home Builders suggests that the construction of entry-level single-family homes has declined over the years as home sizes […]