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As luxury home inventory lags, their value continues to climb
Half of all states have at least one city with a typical starter home worth $1 million or more.
Total number of homes increased 23% from last year, up 4% from May to June
Depending on the region, some buyers need six-digit down payments while others need none.
From 2021 to 2022, Zillow reported that the U.S. housing shortage grew to 4.5 million homes, up from 4.3 million.
Zillow reports 80% of recent sellers were influenced by life events, not rates or financial conditions.
