Residential

One big reason it’s so hard for first-time buyers to find the right starter home

There are very fewer homes for sale on the market these days, but there are even fewer starter homes.

The inventory of starter homes shrunk by 14.2% from a year ago during the first quarter of 2018, according to a report released Wednesday by real-estate website Trulia. Meanwhile, Trulia found that the number of homes on the market overall increased by 3% over the past year — almost entirely because of an uptick in premium homes for sale.

And that’s bad news for first-time buyers who are most likely to be on the hunt for a starter home.

Read Article at MarketWatch.com

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