Anyone trying to find a starter home has likely been highly frustrated. A report released by Trulia indicates that the frustration will continue, as starter homes have been bearing the brunt of price and inventory woes. Nationally, starter homes have seen an increase in price from 2012-2018, while inventory has been hitting rock bottom.
The problem is particularly acute in Texas. Year-over-year starter home prices in Dallas and Fort Worth jumped by 22.8% and 22.1% respectively. In 2012, a starter home in Dallas ran $73,967. Today, first-time buyers can end up paying $143,300.
Trulia metrics also note that starter homes, nationwide, led price increases across all segments, with no inventory relief in sight.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.
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