Redfin Corp. said Wednesday the total value of homes in the U.S. totaled $45.3 trillion at the end of 2022, which is down about $2.3 trillion, or 4.9%, from...
Redfin Corp.
said Wednesday the total value of homes in the U.S. totaled $45.3 trillion at the end of 2022, which is down about $2.3 trillion, or 4.9%, from the June 2022 peak of $47.7 trillion. That marked the biggest decline for any June-to-December period since the 2008, during the financial crisis, the real estate services company said. The housing market has been declining as rising mortgage rates have hurt demand.
said Wednesday the total value of homes in the U.S. totaled $45.3 trillion at the end of 2022, which is down about $2.3 trillion, or 4.9%, from the June 2022 peak of $47.7 trillion. That marked the biggest decline for any June-to-December period since the 2008, during the financial crisis, the real estate services company said. The housing market has been declining as rising mortgage rates have hurt demand.
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