As owners in existing homes move on to newly built ones, it frees up availability of smaller starter homes for those looking to become homeowners for the first time.» (rismedia.com)
There are indication from recent reports that while many of these first - time homebuyers are not yet giving up on their desire to own, many are compromising by buying smaller starter homes that have little room for future growth, «fixer - uppers» homes that require renovation, or have to commute further than they initially planned in order to afford a home in their city's outskirts. (valueinsured.com)