$1 million homes are now 'typical' in a record number of U.S. cities, analysis finds. Here’s where they are
Publishing timestamp: 2024-04-09 09:00:01
Summary
Zillow analysis shows a record number of "million-dollar" cities in the U.S. due to tight supply and high demand. Some areas are losing this status due to the mortgage lock-in effect, while others are gaining it. Florida and Texas are still home to many high-cost, luxury markets.
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Keywords: breaking news: investing, business news, personal finance, investment strategy, new york, united states, real estate, zillow group inc,
Source: https://www.cnbc.com/2024/04/09/the-us-has-550-cities-where-million-dollar-homes-are-typical.html