A record 8.5% of all US homes are worth $1M or more, up from 7.6% last year and 4% before the pandemic, according to a new Redfin analysis. California is adding them faster than other states
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56K home-purchase agreements in June, according to Redfin
Amid slowing homebuyer demand, the US median sales price rose to an all-time high of $397,482 at the beginning of July. However, Redfin says a slowdown may be on the way