A record number of U.S. homes are now worth $1 million or more
CBSN
To understand how unattainable home prices have become for many buyers, look no further than the share of homes across the country worth at least $1 million. Since the start of the pandemic, the share of homes worth $1 million or more has doubled, with a record 1 in 12 properties now worth above that figure, according to a new analysis.
Four cities — all in California — are now places where more than half of properties are worth above $1 million, real-estate company Redfin found in its analysis of housing values. Prior to the pandemic, only San Francisco boasted a property market where a majority of homes had crossed the million-dollar threshold.
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