Housing Market Nears $50T Valuation Milestone
Appraisal Buzz
AUGUST 8, 2024
housing market is rapidly approaching the $50 trillion mark, with the total value of homes across the country hitting a record $49.6 Chen Zhao, Redfin’s Economics Research Lead, predicts that the market will likely surpass $50 trillion within the next 12 months due to a lack of new listings keeping prices elevated. trillion.
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