The new problem for millennial parents in the Northeast: the million-dollar starter home
Starter homes in the Northeast are rapidly approaching or exceeding the million-dollar mark, a trend particularly impacting millennials. This region has seen the fastest growth in cities with million-dollar starter homes, with New Jersey and New York adding a significant number of such cities in the past year. Factors contributing to this affordability crisis include a decade-long housing shortage, intense demand, and historically low mortgage rates, exacerbated by limited new construction. AI
