Move-In Ready Starter Homes Become Harder To Find

Move-In Ready Starter Homes Become Harder To Find

Move-In Ready Starter Homes Become Harder To Find

In their recent Inventory & Price Watch report, Trulia reported that, while the national housing inventory has risen 3.3% over the last year, the available inventory of starter homes has hit a 6-year low.  In addition, they report that the quality of available starter homes appears to have diminished and are less likely to be move-in ready with fixer-uppers constituting 11.2% of the market, compared with 10.3% in 2012.

“First-time home buyers face a perfect storm this spring. Affordable, move-in ready starter homes have become harder to find amid rising home prices and mortgage rates. While new home construction hit a 10-year high in 2017, these units have not translated into starter home inventory just yet.”  Said Cheryl Young, Trulia’s Senior Economist.

Click here to read the full report on Trulia.com.

2019-03-05T23:44:06+00:00April 4th, 2018|Uncategorized|