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U.S. states and D.C. by median home price, February 2024 (in February 2024 dollars) [1] State rank State or territory Median home price in US$; 1 Hawaii $839,013
Economists have noted increasing ownership of housing units by investors keeping the units vacant or renting them to the exclusion of traditional homebuyers. Investors bought about one of every seven U.S. homes in the first quarter of 2021, up from the prior three quarters, in which they bought closer to 1 in 10 homes. [28]
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This is a list of U.S. states and federal district by the number of households with more than $1 million in investable assets as of 2020 (data for the year 2019). The list is compiled annually by market research firm Phoenix Marketing International.
Buying a house has gotten so expensive that homebuyers need to make about $50,000 more than they did pre-pandemic to afford one. Sydney Lake. March 2, 2024 at 6:51 AM. Photo illustration by Fortune.
It's now more expensive than ever to buy a house versus rent. Mary Chao. October 23, 2023 at 1:57 PM. ... It’s now more expensive than ever to pay a mortgage versus renting.
High demand and low supply in most cities will likely continue to keep home prices outpacing income increases. [28] According to a Realtor.com analysis, there was a shortage of about 2.3 million homes by the end of 2022, compared to an increase of about 500,000 since 2012. [29]
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