Black families can afford a starter home in just 10 of the 50 most populous metros, including Detroit and St. Louis

Several southern states topped the list, making them more affordable options for buyers looking to find a good deal

The length of time varies by state, with minimum wage earners in Utah taking the most time to save for a down payment and those in Illinois taking the least

Responding to the dip in home sales, builders are offering sales incentives and cutting prices to bring more buyers to the market

During the first two quarters of 2024, the housing market was marked by high interest rates and high home prices, but what can buyers expect during the rest of the year?

At the same time, unsold inventory is up from 3.1 months-of-supply in May 2023 to 3.7 months in 2024

Following its roll out in California, the platform will be available to other states where ADUs are popular

Home prices have increased by 47%, while rental rates are up by 26% since 2020

This means a median-income household needs a 35.4% down payment to make monthly costs affordable