Is The Starter Home The Star Of A Slow Housing Market?
✉️ Want to forward this article? Click here.

"Starter homes" may be the bright spot in a slow seasonal housing market.
A new report from Redfin finds that sales of this tier of home rose nearly 4% in June, the largest increase in nearly two years. For the report, starter homes are defined as properties on the market in the 5%-35% price tier.
"Starter homes" have long represented a segment of the housing market accessible to first-time buyers, giving them an entry point into homeownership which can later be leveraged into more comfortable digs. In the DC area, Redfin defines "starter" as homes with a median price of $387,000, which currently can buy you a one-bedroom condo in Logan Circle or a three-bedroom home in Hyattsville.
“They’re typically smaller and more modest, but starter homes remain within reach for some buyers who have been priced out of higher tiers," Redfin Senior Economist Sheharyar Bokhari said. "First-time buyers are especially apt to go for starter homes, as they don’t have equity from a previous home sale to help with their payments."
See other articles related to: starter homes
This article originally published at https://dc.urbanturf.com/articles/blog/is_the_starter_home_the_star_of_the_market/23732.
Most Popular... This Week • Last 30 Days • Ever

On an approximately 1-mile stretch along McLean’s Gold Coast, five homes have sold ... read »

Estate taxes, also known as inheritance taxes or death duties, are taxes imposed on t... read »

Pipeline launched with approximately 170 projects. Today, the database is updated wee... read »

The Sphere is one step closer to reality in Prince George’s County.... read »

Today, we take an updated look at the pipeline of larger residential development on t... read »
- One Street, Five Deals, $70 Million: Crest Lane’s Remarkable Year
- What Are Estate Taxes and How Do They Work?
- 685 And Counting: A Look At UrbanTurf's Pipeline
- Prince George’s County Council Gives Final Approval to National Harbor Sphere
- The Various Stages Of 4 Developments Along The H Street Corridor
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro










