The housing market's affordability crisis keeps setting dubious milestones, and that latest one adds to the woes that first-time homebuyers are facing.
According to a Zillow report on Thursday, the typical starter home, which is defined as a house in the lowest third of values in a given region, is worth at least $1 million in a record-high 237 cities. That's nearly triple the pre-pandemic level of 84 such cities in 2019.
