US housing marketadamkaz/Getty Images The US housing market just reached a new all-time high valuation of $47 trillion, Redfin reported. That surpassed the previous record of $46.6 trillion set a year earlier. Low inventory has pushed up home values, according to a Redfin analysis of 90 million US residences. Tight inventory in the US housing market helped push its total valuation a new all-time record of $46.8 trillion in June, according to Redfin.That beats out the prior record set last year, of $46.6 trillion.
Similar Stories to The Us Housing Market Hits A Record Value Of $47 Trillion As The Inventory Shortage Fuels A Price Boom on Bing News
prosen@insider.com (Phil Rosen), Business Insider
Fri, 08/11/2023 - 10:09am
Topics: images the us tight february america chen zhao june 2023.redfinaccording los angeles junehome u.s business insider us redfin june zhao june hits record trillion inventory shortage price values homes million mortgage year high rates rate homeowners all-time valuation buyers winners worth earlier set annual decline propping report losers rising
BING NEWS:
- US natgas output to decline as demand hits record high in 2024, EIA says
U.S. natural gas production will decline in 2024 while demand will rise to a record high, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.
10/8/2024 - 5:50 am | View Link - Housing Market Predictions: What Homebuyers and Sellers Should Know
Right now, a few of the biggest forces influencing the housing market include the economy, mortgage rates, and low housing supply. As inflation rose to record ... a better price. But inventory ...
10/4/2024 - 10:34 am | View Link - A new report illustrates just how stuck the housing market is
“There is not that much new construction inventory hitting the market ... That shortage has helped push home prices to record highs. The median sales price of an existing home in August was ...
09/29/2024 - 11:00 pm | View Link - A record number of apartments are getting built this year. That's great news for real estate affordability.
The US will see construction on a record ... market nationwide. They're now seeing rent prices fall, or at least remain stagnant as the rest of the nation lags behind. In Austin, the median rent ...
09/27/2024 - 10:52 pm | View Link - Housing Market
Now the dose of reality: last year at this time mortgage rates were heading toward 8%, and even though 2023 showed record low sales ... as the bond market always gets ahead of the Fed.
03/6/2023 - 2:03 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more