Current:Home > MarketsThe Daily Money: Is the 'starter home' still a thing? -ProsperityStream Academy
The Daily Money: Is the 'starter home' still a thing?
View
Date:2025-04-13 04:41:35
Good morning! It’s Daniel de Visé with your Daily Money.
Larry Freudenberg remembers the first home he bought with his wife, Marsha, a year after they both graduated from college. Just one level, with an unfinished second story, and cedar wood planks on the outside. “We thought it was a castle,” he said.
The starter house has been a well-worn homeownership strategy for generations of Americans, who buy a smaller, more affordable property, build some equity, and then upgrade to something bigger, fancier, or in a more preferable location.
But like so many other narratives about housing, the cutthroat market of 2024 may make the starter home feel like a relic of long ago.
Here's Andrea Riquier's story.
More Americans struggle to find work
When Samantha Griswold graduated from college in May 2023 with a degree in fashion merchandising, she figured she would have a job by summer.
The intensive search appeared to pay off. She snared about three interviews a week, and often made it to the second round. But she never got past that benchmark. Griswold finally landed a merchandising position at Saks Fifth Avenue last month. But 20 months of hunting for a job took a toll.
As the nation celebrates Labor Day, Paul Davidson reports, a job market that was red hot amid unrelenting post-pandemic worker shortages has decidedly cooled.
Another high-profile firm pumps the brakes on DEI
Ford Motor Co. has told employees it will no longer participate in an annual survey from an LGBTQ advocacy group and will not use quotas for minority dealerships and suppliers, Jessica Guynn reports.
Ford is the latest company to make changes to its diversity, equity and inclusion initiatives, as corporate America faces growing pressure from a conservative activist whose anti-DEI campaign is gaining momentum.
📰 More stories you shouldn't miss 📰
- Here are the most-regretted college majors
- Legos made from cooking oil?
- What is the average credit score?
- . . . And how do you read a credit report?
About The Daily Money
Each weekday, The Daily Money delivers the best consumer and financial news from USA TODAY, breaking down complex events, providing the TLDR version, and explaining how everything from Fed rate changes to bankruptcies impacts you.
Daniel de Visé covers personal finance for USA Today.
veryGood! (995)
Related
- Judge says Mexican ex-official tried to bribe inmates in a bid for new US drug trial
- Looking for a deal? Aldi to add 800 more stores in US by 2028
- Mom arrested after mixing a drink to give to child's bully at Texas school, officials say
- Alabama Senate begins debating lottery, gambling bill
- Elon Musk’s Daughter Vivian Calls Him “Absolutely Pathetic” and a “Serial Adulterer”
- Proposed transmission line for renewable power from Canada to New England canceled
- Platform Mini Boots Are Your Perfect Shoe for In-Between Weather: From UGG to $27 Finds
- Automaker Rivian pauses construction of its $5 billion electric truck plant in Georgia
- Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
- Law-abiding adults can now carry guns openly in South Carolina after governor approves new law
Ranking
- Vance jokes he’s checking out his future VP plane while overlapping with Harris at Wisconsin airport
- Kate Middleton's Uncle Speaks to Her Health Journey While on Celebrity Big Brother
- Putin’s crackdown casts a wide net, ensnaring the LGBTQ+ community, lawyers and many others
- Oprah Winfrey to Host Special About Ozempic and Weight-Loss Drugs
- How breaking emerged from battles in the burning Bronx to the Paris Olympics stage
- Inter Miami star Jordi Alba might not play vs. Nashville SC in Champions Cup. Here's why.
- Baltimore to pay $275k in legal fees after trying to block far-right Catholic group’s 2021 rally
- Georgia House advances budget with pay raises for teachers and state workers
Recommendation
Jamaica's Kishane Thompson more motivated after thrilling 100m finish against Noah Lyles
BBC Scotland's Nick Sheridan Dead at 32
Lululemon's We Made Too Much Section Seems Almost Too Good to be True: $118 Bottoms for Just $49 & More
US applications for jobless claims hold at healthy levels
Michigan lawmaker who was arrested in June loses reelection bid in Republican primary
Georgia House advances budget with pay raises for teachers and state workers
Houston police chief apologizes for department not investigating 264K cases due to staffing issues
Lone orca kills great white shark in never-before-seen incident, scientists say