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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (118547)	2/17/2022 10:02:19 PM
From: Smiling Bob	Respond to of 119360

any breakdown on sfh? majority of dwellings in last 6-7 years have to be apts 20:1? 50:1? then there are townhomes and condos, which didn't used to be sfh And HOA which require more open ended expense. Bottom line is affordable SFH matters more than supply. I suppose HBs might be prepared to sell some at loss, but still out of reach for most. Townhomes up here are commonly 550k-1 million bloomberg.com Million-Dollar Homes Are Becoming The Norm At Fastest Pace Ever Average home values in 481 U.S. cities are over $1 million Last year, 146 cities from Florida to Idado reached that level Error: Could not download required scripts. Please update your browser or turn off ad blocker to continue to watch. The Risks of Inflation on New York City Real Estate By Jonathan Levin and Claire Ballentine February 16, 2022, 10:10 AM ESTUpdated onFebruary 16, 2022, 1:03 PM EST Listen to this article 3:03 Share this article Follow the authors @JonathanJLevin + Get alerts for @cfb_18 + Get alerts for The unceasing demand for U.S. real estate has pushed average home values over seven figures in hundreds of cities for the first time. Homes valued at $1 million or higher are now the norm in 481 U.S. cities, more than double the number just five years earlier. In 2021 alone, 146 cities reached that level, according to Zillow data released Wednesday. That’s the most ever in a single year. By comparison, the number of towns with seven-figure average home values was 234 in 2016 and just 126 a decade ago. More Expensive Cities The number of million-dollar cities in U.S. jumped by 145 last year Source: Zillow data Real estate values are still soaring across the U.S., reaching new heights even as other markets like stocks and cryptocurrencies suffer. It’s a continuation of the pandemic-era trend in which low mortgage rates, a shortage of available homes and a newfound focus on work-life balance combined to spur historic price increases. The average home last year gained 19.6% in value.