“In most of the country, expensive properties that are in good condition and priced fairly are attracting buyers and in some cases bidding wars, mostly because for-sale signs are few and far between right now,” said Redfin Economics Research Lead Chen Zhao.
Read More »California Metros Lead in Highest Share of Million-Dollar Homes
San Jose and San Francisco, notoriously high-cost areas, make up a majority share of homes in California, according to a new analysis from LendingTree. Click through to see which metros where million-dollar homes are most prevalent.
Read More »High Mortgage Rates Putting a Damper on Million-Dollar Homes
The share of U.S. homes worth at least $1 million slipped to 7% from 8.6% in June, according to a new report from Redfin, as inflated mortgage rates continue to cool the housing market.
Read More »1-in-20 Homes Now Valued Over $1M
“Real estate experts are predicting a large increase in the number of million-dollar homes across the country. The trend is being driven by an influx of wealthy buyers looking to invest in luxury properties and a steady rise in property values in certain areas,” said Jennifer Spinelli, founder and CEO of Niche Home Buyer.
Read More »Who Joined the Million-Dollar Home Club?
Markets on the west and east coast dominated the list, but did the number of new cities with home values of at least $1 million fall from past years?
Read More »Worth a Million Bucks
Despite the continuous rise in prices, the median home value crossed the million mark in many metros of the country. Here’s an analysis on the rise of million dollar homes in the U.S.
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