STARTER HOMES ARE VANISHING IN THE US

STARTER HOMES ARE VANISHING IN THE US

Starter Homes are Vanishing Across the US

homeownerspaintingStarter homes are quickly vanishing in cities across America. As a whole, the American population is opting to rent instead of buy. This is particularly true for the Baby Boomer generation who is selling their real estate assets to keep their capital liquid as they enter retirement.

Millennials who would be in the market for starter homes are taking a similar approach as the Baby Boomer generation. The price of homes is climbing in major metros, which is making it exceedingly difficult for Millennials to purchase starter homes. This is further compounded by the fact that Millennials are hampered with high levels of student debt and are starting families later in life.

According to a recent report from the real estate website Trulia, the availability of starter homes is shrinking; 95 of the top 100 metros is rapidly decreasing. California was one of the worst offenders with the following decreases:

  • San Francisco: -73.9%

  • Orange County: -79.4%

  • San Diego: -80.4%

What This Means For Real Estate Investors

While starter homes are declining in many markets, renters are on the rise throughout the nation.

Investors are purchasing rental homes throughout the U.S. to capitalize on the increased demand. You too can easily invest in real estate properties. To get started, call or text me today 561-797-1600 or email me at [email protected]  Be An Investor, Not a Landlord.


Victor DeFrisco Headshot
Author:
Phone: 561-951-3759
Dated: April 17th 2016
Views: 292
About Victor: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Sep 18 2018 48981 2 - 34 Reasons Why I Love Real Estate
Sep 18 2018 48981 1 -
Sep 17 2018 49313 2 - VERY LITTLE IS NEEDED TO HAVE A
Sep 17 2018 49313 1 - Real estate is my

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Exit Realty Premier Elite
8961 Hypoluxo Road
Lake Worth, FL
561-701-8124


Other Locations