Aging town trying to lure first-time buyers priced out of new homes, with fixer-uppers
Aging town trying to lure first-time buyers priced out of new homes, with fixer-uppers
For the first time on record, the national median home sale price has passed $300,000, according to a recent report by the real estate brokerage Redfin. Those rising prices have made it tough for people in their 20s and 30s trying to get into a first home. But the trend also presents an opportunity for aging communities with a lot of older, less expensive homes, to try and attract younger residents.
This story was produced by the Marketplace hub at the ideastream newsroom in Cleveland.
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