“Million-Dollar Cities” took even more share in the U.S. as inventory keeps home prices moving up. There are 550 cities where the typical home value is $1 million or more, up from 491 last year, according to a new Zillow report. Home prices were depressed some last year as Americans adjusted to rising rates but…
“Million-dollar cities” skyrocketed in 2021, with typical home values reaching at least $1 million in a record 146 new U.S. cities. Zillow found there are now 481 cities where the average home is worth $1 million or more, and an additional 49 cities could make the list by mid-2022 if home appreciation continues at its…
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