Redfin CEO Issues Bizarre 2024 Market Warning

Brand new data from Redfin shows a significant spike in inventory and price cuts this spring, hinting at a potential surprise for the 2024 US real estate market. According to Redfin, the median sale price of a single-family home in the United States has reached an all-time high. Their latest report indicates that a typical buyer is now paying $433,558. This is a 75% increase from prices in 2017, highlighting the dramatic run housing has been on over the past 7 years. According to a lot of experts because of these recent inventory developments, we could see these record-high prices drop off a cliff in certain areas around the United States.

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   • Redfin CEO Says Gen Z Hit by Lack of ...