Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin’s latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 trillion in December 2023 — a 5.3 percent annual difference.
Source: Inman News
US housing market posted record-setting value growth in 2023
Published in average home values, Chen Zhao, homebuying, homeselling, Markets & Economy, pandemic boomtowns, Redfin and Select
More from average home valuesMore posts in average home values »
More from Chen ZhaoMore posts in Chen Zhao »
- Is the mortgage lock-in effect ending? These numbers offer clues
- Homeowners are cracking under the pressure of increased costs
- Mortgage rates hit 10-month low, spurring lower monthly payments
- South Florida luxury prices defy gravity while overall market dips
- Record $700B worth of listings on market, but sales are sluggish
More from homebuyingMore posts in homebuying »
More from homesellingMore posts in homeselling »
- NAR scores a victory in buyer commission lawsuit
- Brandi Marshall on ‘Selling the OC’ stardom, feuds and a brutal real estate market
- Sign, show and sell: The open house playbook that actually works
- New Opendoor CEO’s plan: ‘Buy more good homes and get more good sellers through our funnel’
- Pending home sales remain stuck in the mud in September
More from Markets & EconomyMore posts in Markets & Economy »
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Why independent brokerages matter more than ever amid real estate consolidation
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from pandemic boomtownsMore posts in pandemic boomtowns »
More from RedfinMore posts in Redfin »
- Redfin site fluke exposed past users’ data on listing contact forms
- Stop freaking out about 50-year mortgages. They might save the housing market
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
More from SelectMore posts in Select »
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- NAR scores a victory in buyer commission lawsuit
- Where else is Zillow not enforcing its private listing ban?
Be First to Comment