By Hillary Hoffower | Business Insider
- Home prices are increasing, leaving fewer starter homes on the real-estate market.
- While some millennials are bypassing starter homes altogether, others are still looking to buy one.
- We teamed up with Zillow to find out the typical cost of a starter home in every state.
- Visit Business Insider’s homepage for more stories.
Millennials are waiting longer than ever to buy homes, partly because of rising housing costs.
Currently, the real estate market is a seller’s market, according to Zillow. This causes home prices to shoot up, leaving minimal inventory at the middle and low end of the housing market, Spencer Rascoff, Zillow’s CEO, previously told Business Insider’s Alyson Shontell.