Nearly 1 in 10 U.S. Homes Are Worth at Least $1 Million, Close to All-Time High
The share of million-dollar-plus homes is on the upswing after dropping to a 12-month low in February. That’s because scarce inventory is driving up prices,
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.
The share of million-dollar-plus homes is on the upswing after dropping to a 12-month low in February. That’s because scarce inventory is driving up prices,
U.S. home prices are up 3% year over year despite relatively slow demand. That’s due to a shortage of homes for sale, with inventory posting
The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated. Prices are increasing largely
Rising home prices and elevated mortgage rates have pushed the income necessary to buy the typical U.S. starter home up 13% over the last year.
The typical Las Vegas home costs less than half as much as one in Los Angeles, San Francisco or Seattle, the most common origins for
A lack of homes for sale is pushing prices up. Inventory posted its biggest decline in 18 months as homeowners cling to relatively low mortgage
The share of million-dollar-plus homes is on the upswing after dropping to a 12-month low in February. That’s because scarce inventory is driving up prices,
U.S. home prices are up 3% year over year despite relatively slow demand. That’s due to a shortage of homes for sale, with inventory posting
The median U.S. home-sale price is up 3.2% year over year, the biggest increase since November, and mortgage rates remain elevated. Prices are increasing largely
Rising home prices and elevated mortgage rates have pushed the income necessary to buy the typical U.S. starter home up 13% over the last year.
The typical Las Vegas home costs less than half as much as one in Los Angeles, San Francisco or Seattle, the most common origins for
A lack of homes for sale is pushing prices up. Inventory posted its biggest decline in 18 months as homeowners cling to relatively low mortgage