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In more than 200 U.S. cities, $1 million only gets you a starter home

Por: CBS News Business July 27, 2024

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A typical entry-level home in the U.S. costs roughly $200,000. But in a growing number of cities, that would only cover the down payment. With housing in short supply around the country and the stiffest mortgage rates in years, you need at least $1 million to buy a starter home in 237 cities, according to a  analysis. That's a hefty sum for a place to live that's defined in the report as being in the lowest third of home values in a... + full article



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