Are affordable houses making a comeback?
After the housing market crashed in the mid-2000s, builders shifted their focus to higher-end homes where they could make more money. That’s led to a shortage of starter homes, which has driven up prices at the lower end of the market. But there are signs the entry-level market is coming back. The research firm Capital Economics predicts 55% of new homes will sell for less than $300,000 next year, up from just 40% two years ago. But with a smaller price tag may come a smaller house.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
