Starter home sales surge 10% year-on-year - despite stubbornly high property prices
Briefly

The overall market remains sluggish, but we are beginning to see first-time homebuyers come off the sidelines, buoyed by falling mortgage rates and an increased number of homes hitting the market.
Lower-priced homes are really moving right now, especially since rates went down to around 6.5%. Younger buyers shopping for starter homes don't want a big backyard and a pool, they just want something efficient.
Read at New York Post
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