Stereotypical “Starter Home”

A commenter on my last High-Rise Buyer’s Guide column lamented my use of the word “starter” to describe the final two columns in the series that’ll cover Dallas’ lower-priced high-rise options.  He felt it was demeaning to those for whom one of these economical homes wasn’t a “starter,” but a destination. The result of many years of saving and planning. My gut reaction was an eye-roll, but thinking about it, it began to make sense … but not because I thought it was demeaning, but because “starter” was no longer accurate.

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New analysis by Trulia confirms what we’ve been seeing all over Texas and the Dallas-Fort Worth region. Entry-level or starter homes priced in the median range, which usually falls below $200,000, are scarce. In fact, if you want to find a new home in the $200,000 range, it’s getting mighty difficult to impossible.

To measure the dearth of dedicated inventory for first-time homebuyers in the starter market, Trulia has launched the “Trulia Inventory and Price Watch,” which measures housing affordability along three market points: starter homes, trade-up homes, and premium homes.

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