There are 1.25 million fewer million-dollar homes in America in 2023
According to a recent Redfin report, there were 1.25 million fewer million-dollar homes in America in January 2023. The number of million-dollar homes fell from a high of 8.6% in June 2022 to about 7% in January 2023, or 6,203,954 homes. However, this number is still up 4.2% from January 2020. This
Could a Multigenerational Home Be the Right Fit for You?
Could a Multigenerational Home Be the Right Fit for You? During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President
The Two Big Issues the Housing Market’s Facing Right Now
The Two Big Issues the Housing Market’s Facing Right Now The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historica
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