Part 1/8:
The Disappearance of Starter Homes in New York City
The landscape of home ownership in the United States is changing drastically, particularly in cities like New York. Once a haven for new families and young professionals, the market for starter homes is swiftly evaporating. In the early 1980s, approximately 40% of newly constructed homes were classified as entry-level. Fast forward to 2023, and that figure has plummeted to just 9%. The implications of this downward trend are significant, especially for younger generations who increasingly find themselves priced out of the housing market.