Research shows that buyers must earn almost $80,000 per year to afford a standard starter home.

In recent news, there has been a significant increase in listings of starter homes across the nation, showing a nearly 20% growth compared to the previous year. This surge in availability provides potential homebuyers with more options in the market.

Key Points:
– Listings of starter homes up nearly 20% year-over-year nationwide in July
– Study reveals buyers need to earn nearly $80,000 annually to afford a typical starter home
– Increased availability of starter homes may impact affordability and accessibility for first-time homebuyers.

For more detailed information on this topic, you can visit Weekly Real Estate News for the full article on the study regarding the income requirements for purchasing a typical starter home.

You can read this full article at: https://wrenews.com/study-buyers-need-to-earn-nearly-80000-annually-to-afford-a-typical-starter-home/

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