$1 Million Starter Homes Now Standard: Housing Affordability Crisis Deepens

This milestone underscores the severity of America's housing affordability crisis—starter homes, traditionally entry-level properties for first-time buyers, now cost $1 million across 242 markets. This trend fundamentally restricts homeownership opportunities for younger generations and lower-income households, intensifying wealth inequality and forcing residents to delay purchasing, relocate, or remain renters indefinitely.