In 237 U.S. cities, a low-priced starter home now costs at least $1 million, according to online brokerage Zillow. The number has almost tripled since 2019, when 84 cities featured seven-figure entry-level homes.
Tag: Home Prices
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SPOTLIGHT ON THE U.S. HOUSING MARKET: SALES FALL, PRICES RISE
The median selling price of U.S. homes in May was $419,300, the National Association of Realtors (NAR) reported, the highest on record and 5.8 percent above the price a year earlier.
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SPECIAL REPORT: THE AMERICAN REAL ESTATE BLUES
Hundreds of thousands of American homeowners find they owe far more on their homes than the homes are worth. More than a million others face a huge leap in interest rates on their adjustable-rate mortgages.
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HOME PRICES ROSE 6.5 PERCENT IN MARCH, YEAR ON YEAR
U.S. mortgage interest rates slipped lower in March, boosting demand for the relatively small number of homes for sale.
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MASSACHUSETTS SET TO LOSE ALMOST $1 BILLION IN TAXES AS THE RICH MOVE OUT
The state of Massachusetts could lose almost $1 billion in tax revenue annually by 2030 as well-off households flee the state’s high taxes and home prices, Boston University’s business school has calculated.
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SLAVELANDIA: MOST RENTERS DOUBT THEY WILL EVER OWN A HOME
Six in 10 renters believe they will never be able to own a home, a record proportion in the Federal Reserve Bank of New York’s annual Survey of Consumer Expectations.
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HOME AFFORDABILITY FALLS TO LOWEST IN 40 YEARS
Buying and owning a home takes a bigger slice of a household’s income than it has at any time in the last 40 years, The Wall Street Journal reported.
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EUROPE’S HOME PRICES DROP FOR FIRST TIME IN 10 YEARS
Home prices across the 20 Eurozone countries decreased 0.7 percent in last year’s final quarter from the quarter before and 1.1 percent over all of 2023, official figures showed.
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U.S. HOME PRICES ON THE RISE
In May, home prices fell in their steepest monthly drop since 2012, as we reported in “U.S. Home Prices Fall By Most Since 2012” (27 Jun 2023), U.S. home prices began rising again.
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