"Affordable Cities for First-Time Home Buyers in 2024"
TL;DR Summary
High interest rates, record home prices, and a shortage of inventory have left many homeowners unable to sell their starter homes, creating a "rate-lock effect" that prevents them from trading up and locks out first-time buyers from entering the market.
- High Rates and Prices Leave Many Stuck in a Starter Home The New York Times
- Stuck at the Start The New York Times
- The most and least affordable cities for first-time home buyers Quartz
- 10 US Metros Where You Can Buy Homes Under $350K Yahoo Finance
- Navigating first-time home buying in 2024 MPR News
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