Starter Homes Shrinking

News
2012 Amarillo Area Real Estate Report_-3588346421342810893
Low cost starter homes are disappearing off the market which is causing a lot of would be first-time home buyers from getting that first home.
 
The few starter homes that exist are being bought up by investors who are renting them out.
 
According to credit.com, back in 2000 70 percent of all single family homes were sold for under $200,000.
 
But this year, just 48-percent of all homes have sold for under $200,000.
 
This means young families who are looking for their first home are battling over an ever shrinking supply with investors.
 

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Weather

More Forecast

Don't Miss