starter homes
Coverage of starter homes in the Nexus archive.
- Healey throws support behind conservation ballot question
Governor Maura Healey supports a conservation ballot question (Question 6) that would allocate $100 million for land and water protection, park restoration, and outdoor recreation by redirecting sales tax revenue from recreational goods. The measure is backed by 95 groups and aims to avoid new taxes or fees. Healey also endorsed housing proposals, including a ballot question allowing starter homes on smaller lots.
- Where the American dream is still alive for first-time buyers—and where it’s slipping away
Budget buyers seeking entry into homeownership are experiencing some relief due to an improving national supply of starter homes. However, the housing market recovery remains sluggish and divided by region.
- These 5 U.S. states have the most cities with $1 million starter homes
Entry-level home prices have surpassed $1 million in more cities than ever, according to a Zillow analysis identifying the five U.S. states with the most such cities.
- Home prices across the U.S. hit an all-time high
Home prices in the U.S. have reached an all-time high, with even starter homes becoming unaffordable for most Americans due to sky-high housing costs, according to housing data.
- Los Angeles sits on a sleeping giant of housing supply. It begins with starter home conversions
Los Angeles faces a housing supply challenge as the City Planning Commission considers delaying Senate Bill 79 to replace it with a 'Low-Rise Ordinance.' Research from the American Enterprise Institute’s Housing Center suggests legalizing starter home conversions—turning single-family homes into smaller units—could add 13,600 homes annually, generate $9 billion in property tax revenue over a decade, and address affordability and supply issues simultaneously.
- A record 242 US cities now have starter homes that cost $1M
A record 242 U.S. cities now have starter homes priced at $1 million, according to a report. This reflects a significant rise in entry-level housing costs across the country.
- Starter homes now cost $1 million in 242 US cities: Zillow
The number of U.S. cities with $1 million starter homes has roughly tripled since before the pandemic. Zillow reports that 242 U.S. cities now have starter homes costing $1 million.
- California is the worst state for first-time homebuyers — the staggering amount you need to pay
California ranks as the worst state for first-time homebuyers due to extremely high housing costs and down payment requirements. The article highlights the staggering financial burden required to purchase a starter home in the state.