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How the K-Shaped Housing Market Is Leaving Starter-Home Buyers Behind
The income needed to afford a starter home has surged since 2019, while higher-end buyers continue to fare much better in today’s market. That split is creating a K-shaped housing market, where affluent buyers are still active while many entry-level buyers remain priced out. Tim Lucas and Craig Berry examine what Realtor.com, Zillow, and Redfin data reveal about the growing divide between starter-home and luxury buyers, and why improved negotiating conditions have not solved the affordability problem.
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