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Starter-Home Inventory Improves Across U.S., Regional Gaps Persist

Starter-Home Inventory Improves Across U.S., Regional Gaps Persist

Starter-home inventory has improved from recent lows across the United States, according to a new housing market report, but affordability and available listings continue to differ sharply by region. The findings indicate that first-time homebuyers are seeing more opportunities in some markets while others continue to face limited supply and higher entry costs. Key Takeaways Starter-home inventory has increased nationally compared with recent years. Entry-level housing supply remains below pre-2019 levels. Southern markets continue to post the strongest gains in affordable listings. Northeast and Midwest markets remain more constrained by limited supply and higher prices. Mortgage costs continue to affect purchasing power for first-time homebuyers. The latest housing market report found that entry-level housing supply has continued to recover from the shortages that followed the peak of the housing inventory crunch. More homes meeting starter-home price thresholds are now available than several years ago, giving some buyers additional choices. Even

One Moody Plaza Auction Opens in Galveston

One Moody Plaza Auction Opens in Galveston

One Moody Plaza auction proceedings officially opened on June 22, placing Galveston’s largest office building into a court-supervised sales process following financial difficulties and declining