Tag Archives: Chen Zhao

Nearly 1 in 9 US homes command $1M as luxury prices soar in June

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The share of U.S. homes valued at $1 million or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows. Continue reading →

Worth of US homes nears $50T as real estate values hit all-time high

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The total worth of homes in the United States hit a record high of $46.8 trillion in June, overtaking the prior all-time high of $46.6 trillion set a year earlier, according to the analysis by Redfin Friday. Continue reading →

Empty cupboards: The US has 39% fewer homes for sale than in 2018

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New listings dropped 23 percent year over year, pulling the number of homes on the market down 39 percent compared to the same period five years ago, according to an analysis by Redfin issued Thursday. Continue reading →

Buyers are returning to the market — and sellers are following: Redfin

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This week, the Redfin Homebuyer Demand Index, the brokerage’s in-house gauge of buyer activity, hit its highest level since September, rising 21 percent from an October low, new data shows. Continue reading →

Rent keeps falling. Here are the cities where it’s falling fastest

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Fourteen major metro areas reported year-over-year declines in the median cost to rent an apartment, according to Redfin. It’s only the latest sign of widespread slowdown in rent. Continue reading →

Prices and rates are sky high! But what if my client NEEDS to move?

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Despite mortgage rates near 7 percent and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market. Continue reading →