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Best regions for starter home affordability
The article discusses the rising housing costs in Miami and across the United States, driven by high consumer price inflation since 2019, which has made affordability more challenging for first-time buyers. Amid increased home prices and mortgage rates, the typical starter home now costs significantly more, and the share of affordable listings has decreased. Although new construction, mainly in the South, has improved inventory, many buyers, especially those with lower incomes, continue to face difficulties due to higher qualifying income requirements and fewer affordable options.
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