All of your question are answered right at the beginning of the article:
“Zillow defines “cities” as distinct housing markets, which can include large suburbs, towns or boroughs within major metro areas. “Starter homes” are defined as properties in the bottom third of home values within a given market. That means these aren’t luxury listings — they’re the least expensive homes available in each city.”
Gotcha. So yes, it’s misleading headline, mostly for the first part since you can probably pull up 200 “cities” where you’d be nuts to find your first home. You aren’t getting your first home in Malibu, that’s just silly.
I don’t think it’s not misleading, you are just thinking purely of large cities or full metros. Most good sized metros are a combination of a dozen or more cities.
All of your question are answered right at the beginning of the article:
“Zillow defines “cities” as distinct housing markets, which can include large suburbs, towns or boroughs within major metro areas. “Starter homes” are defined as properties in the bottom third of home values within a given market. That means these aren’t luxury listings — they’re the least expensive homes available in each city.”
Gotcha. So yes, it’s misleading headline, mostly for the first part since you can probably pull up 200 “cities” where you’d be nuts to find your first home. You aren’t getting your first home in Malibu, that’s just silly.
I don’t think it’s not misleading, you are just thinking purely of large cities or full metros. Most good sized metros are a combination of a dozen or more cities.