The housing market is splitting in two: Luxury homes are in high demand while starter homes sit
· cision pr newswire
AI Briefing
- • Luxury homes are in high demand, while starter homes sit on the market due to economic uncertainty.
- • Starter home inventory is up 4.5% from last year, with more price cuts available.
- • Fewer bidding wars and reduced prices are keeping buyers from purchasing starter homes.
Context
The housing market is experiencing a split, with luxury homes in high demand and starter homes facing slower sales. Starter home inventory has risen, with 4.5% more homes available than last year.
Price cuts are becoming more common for starter homes, and bidding wars are fewer.
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