Current:Home > ScamsThe Daily Money: Is the 'starter home' still a thing?-Angel Dreamer Wealth Society D1 Reviews & Insights
The Daily Money: Is the 'starter home' still a thing?
View Date:2025-01-11 15:15:58
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! (8386)
Related
- Oil Industry Asks Trump to Repeal Major Climate Policies
- An appeals court has revived a challenge to President Biden’s Medicare drug price reduction program
- Biden is putting personal touch on Asia-Pacific diplomacy in his final months in office
- Secret Service report details communication failures preceding July assassination attempt on Trump
- Eminem, Alanis Morissette, Sheryl Crow, N.W.A. and Janet Jackson get Songwriters Hall of Fame nods
- A cat went missing in Wyoming. 2 months later, he was found in his home state, California.
- Phillies torch Mets to clinch third straight playoff berth with NL East title in sight
- 11-year-old charged after police say suspicious device brought on school bus in Maine
- Nicole Kidman Reveals the Surprising Reason for Starring in NSFW Movie Babygirl
- The Midwest could offer fall’s most electric foliage but leaf peepers elsewhere won’t miss out
Ranking
- 2 credit unions in Mississippi and Louisiana are planning to merge
- Penn State removes its student newspaper racks over concerns about political ads
- Teen Mom's Catelynn Lowell Slams Claims She Chose Husband Tyler Baltierra Over Daughter Carly
- ‘Ticking time bomb’: Those who raised suspicions about Trump suspect question if enough was done
- ‘Heretic’ and Hugh Grant debut with $11 million, but ‘Venom: The Last Dance’ tops box office again
- Gunfire outside a high school football game injures one and prompts a stadium evacuation
- Elle King says she didn't want 'to hurt' dad Rob Schneider after speaking 'her truth'
- NFL analyst Cris Collinsworth to sign contract extension with NBC Sports, per report
Recommendation
-
Congress heard more testimony about UFOs: Here are the biggest revelations
-
Inter Miami's goals leader enjoys title with Leo Messi on his tail before NYCFC match
-
Police arrest 15-year old for making social media threats against DC schools
-
New York magazine says its star political reporter is on leave after a relationship was disclosed
-
Nicole Scherzinger receives support from 'The View' hosts after election post controversy
-
Police arrest 15-year old for making social media threats against DC schools
-
Alleged Hezbollah financier pleads guilty to conspiracy charge
-
Court rules nearly 98,000 Arizonans whose citizenship hadn’t been confirmed can vote the full ballot