🇺🇸 $698 billion worth of homes are for sale in the United States, a new all-time high.
The claim that $698 billion worth of homes are for sale in the United States is an interesting one, but I couldn't find the latest information confirming this specific figure. However, according to Redfin, the total value of the US housing market hit a record $47 trillion in June 2023, with a 0.4% increase ($166.2 billion) from the previous year.
Here's some context on the current state of the US housing market:
The total value of US homes rose 19.1% ($7.5 trillion) from two years ago, offsetting the $2.9 trillion decline in value from June 2022 to February 2023.
The number of houses for sale in the US dropped 15% year-over-year to an all-time low in June, contributing to the imbalance between supply and demand.
West Coast tech hubs and pandemic boomtowns saw significant drops in home value, while relatively affordable markets like Little Rock, AR, and Milwaukee posted notable gains.
Luxury homes are losing value, with homes worth between $2 million and $5 million experiencing a 7.4% drop in value.
For the most up-to-date information on the US housing market, I recommend checking reputable sources like Redfin or Finnhub. Would you like more information on a specific aspect of the housing market?#MyCOSTrade #CEXvsDEX101 #TradingTypes101 #EDGENLiveOnAlpha #EDGENLiveOnAlpha $BTC
