Million-Dollar Cities Club Gets 146 New Members

Zillow, Seattle, reported a record 146 U.S. metros became new “million-dollar cities” in 2021, making 481 cities in which the typical home value is at least $1 million.

Zillow: Home Builders Still Playing Catchup

Zillow, Seattle, said limited supply of for-sale homes is a key reason home prices have risen quickly during the COVID-19 pandemic.

Housing Market Roundup Nov. 22, 2021

Here’s a summary of some of the latest housing and economic reports that have come across the MBA NewsLink desk:

Inventory Jump Could Give Home Buyers Welcome Relief

Zillow, Seattle, reported housing inventory saw “significant recovery” for the second straight month in June, indicating the market may be on the road to rebalancing after a long stint of being heavily in sellers’ favor.