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2025-07-29 22:49:03
[Redfin: First-time home sales hit a two-year high, while mid- to high-priced homes continued to decline] Redfin data shows that in June 2024, first-time home sales in the United States increased by 3.9% year-on-year, reaching the highest level in two years, while mid-priced home sales decreased by 0.9% year-on-year, and high-priced home sales decreased by 3.6%. Despite the overall market downturn, the number of first-time home sales also increased by 3.1% year-on-year. Redfin pointed out that more and more Americans cannot afford their dream homes and are turning to the first-time home market. Currently, homebuyers need an annual income of $112,131, which is much higher than the average US household income of $86,258. (Dow Jones)
