Zillow flags surprising shift spreading fast in U.S. housing market

Live updates

1. 1h ago

   Zillow Reports Record Number of Cities With Million Dollar Starter Homes

   Starter homes now cost $1 million or more in 242 U.S. cities. This trend is growing fastest in New Jersey and has impacted three Colorado municipalities. Millennial parents in the Northeast are particularly affected.

   What's confirmed:

   • Starter homes cost $1 million or more in a record 242 U.S. cities.
   • The shift toward million dollar starter homes is growing fastest in New Jersey.
   • Three municipalities in Colorado now have starter homes costing $1 million or more.

   Still unconfirmed:

   • Mortgage rates are volatile and inventory is up.
   • Current market conditions are a mixed bag for homebuyers.
   confidence 90%
2. 2d ago

   Zillow Reports Record Number of Cities With Million-Dollar Starter Homes

   A Zillow analysis indicates that starter homes now cost $1 million or more in a record 242 U.S. cities. This trend is affecting millennial parents in the Northeast and has reached three municipalities in Colorado. New Jersey is among the states seeing the fastest growth in this shift.

   What's confirmed:

   • A Zillow analysis shows 242 U.S. cities have starter homes valued at $1 million or more.
   • The number of cities with million-dollar starter homes increased from 80 in 2020 to 242.

   Still unconfirmed:

   • New Jersey is among the states with the fastest growth of million-dollar starter homes.
   • Three Colorado municipalities have reached the million-dollar starter home level.
   • Millennial parents in the Northeast are facing a new problem with million-dollar starter homes.
   confidence 90%