finance
Million-Dollar Homes Now Entry-Level in Record 242 U.S. Cities
A Zillow report found that homes priced at $1 million or more now represent the typical entry point for first-time buyers in 242 cities. The number marks a record high and shows continued price growth across multiple regions.
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A Zillow report released this month documented that homes priced at or above $1 million now serve as the lowest-priced tier available to first-time buyers in 242 cities across the United States.
The company said the figure represents a record high.
Zillow tracked listings in markets where the cheapest homes sold for seven figures or higher during the most recent period measured.
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