MIAMI, FLORIDA - FEBRUARY 22: A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. US home sales declined in January for the 12th consecutive month as high mortgage rates along with high prices kept people shopping for homes out of the market. It was the weakest home sales activity since 2010. (Photo by Joe Raedle/Getty Images)
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Buying your first home? Where it could cost you $1 million

According to new Zillow research, the number of US cities where average entry-level homes come with a $1 million price tag has nearly tripled, underscoring America’s ongoing home affordability crisis. CNN's Meena Duerson reports.

02:32 - Source: CNN
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MIAMI, FLORIDA - FEBRUARY 22: A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. US home sales declined in January for the 12th consecutive month as high mortgage rates along with high prices kept people shopping for homes out of the market. It was the weakest home sales activity since 2010. (Photo by Joe Raedle/Getty Images)
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Buying your first home? Where it could cost you $1 million
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A visitor walks past US multinational telecommunications AT&T logo during the Mobile World Congress (MWC), the telecom industry's biggest annual gathering, in Barcelona on February 26, 2024. The world's biggest mobile phone fair throws open its doors in Barcelona with the sector looking to artificial intelligence to try and reverse declining sales. (Photo by PAU BARRENA / AFP) (Photo by PAU BARRENA/AFP via Getty Images)
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FILE PHOTO: Former U.S. President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, U.S., October 25, 2023. Dave Sanders/Pool via REUTERS/File Photo
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--FILE--Zhong Shanshan, Chairman of Nongfu Spring Co., Ltd., delivers a speech at a press conference in Beijing, China, May 6, 2013. Shares of Chinese bottled water giant Nongfu Spring surged more than 85% in their debut on the Hong Kong stock market. The stock opened at 39.80 Hong Kong dollars per share ($5.14), more than 85% higher than its initial public offering price of 21.50 Hong Kong dollars ($2.77). *** Local Caption *** fachaoshi (Photo by Jiang Xin/ChinaImages/Sipa USA)
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