The new problem for millennial parents in the Northeast: the million-dollar starter home

Millennials in the Northeast are facing an unprecedented challenge as the cost of a starter home has surged to a million dollars in 242 cities, according to a recent Zillow report. This skyrocketing price tag reflects a broader trend of housing unaffordability that's pushing young families to delay homeownership and raising concerns about economic mobility. The implications are significant, as it may further entrench generational wealth gaps and impact everything from local economies to social stability, highlighting the urgent need for policy interventions to make housing more accessible.