A typical starter home sells for over $1 million in 237 US cities, report finds

The video discusses the rising costs of starter homes, with a new Zillow report indicating that in around 200 cities, the typical starter home costs over $1 million, compared to only 90 cities five years ago. The shortage of homes and higher mortgage rates contribute to this increase. The US median home price is $420,000, but in areas like DCA, it's much higher. The speaker shares personal anecdotes and humor, highlighting the challenges faced by those trying to enter the housing market and expressing hope for more affordable options in the future.

What is the typical cost of a starter home in around 200 cities according to the Zillow report?

How has the number of cities where starter homes cost more than $1 million changed over the past five years?

What factors are contributing to the increase in housing costs?

What was the median home price in the US last month?

What challenges do people face when trying to purchase a starter home?