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Cash-Strapped Buyers Turn Their Eyes Towards Starter Homes - The MortgagePoint
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Cash-Strapped Buyers Turn Their Eyes Towards Starter Homes - The MortgagePoint
Redfin reports that the typical U.S. starter home sold for a record $260,508 in August 2025, rising 2.2% year-over-year, as sales continued to outpace those of higher-priced tiers. Mid- and high-price home prices grew 1.4% and 2.7% year over year, respectively, to near-record highs of $370,000 and $575,000. In comparison, sales of mid-price homes fell 0.6% year-over-year in July, while high-price homes fell 1.2%. Sales of mid- and high-price hom…
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