Starter-Home Sales Trend Upward
The Pro Builder
AUGUST 27, 2024
In a show of optimism for first-time homebuyers, the starter home market is beginning to recover. In July, pending sales of starter homes increased by 10.2% year-over-year, marking the highest level since October 2022, according to housing market platform Redfin. Comparatively, pending sales of middle-priced homes fell by 6.5%, and sales of upper-priced homes dropped by 10%.
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