A new analysis by Seattle-based Redfin is confirming what many have already suspected, it’s getting tougher for many Americans to purchase a starter home.
In Seattle, sales of “starter homes” have dropped 36.5% compared to this time last year — the biggest drop of any large metro area in the country.
“There’s still quite a lot of demand for homes in Seattle, but not much inventory,” Redfin Chief Economist Daryl Fairweather told KIRO Newsradio, who claimed there aren’t a lot of traditional starter homes for sale right now. “Very few new listings coming onto the market.”
