{"id":520770,"date":"2021-07-30T09:03:41","date_gmt":"2021-07-30T13:03:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\/"},"modified":"2021-07-30T09:03:41","modified_gmt":"2021-07-30T13:03:41","slug":"prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\/","title":{"rendered":"Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest of the market.<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SEATTLE<\/span>, <span class=\"xn-chron\">July 30, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN)\u00a0&#8212; The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country&#8217;s most affordable homes rose 18.7%, according to a new <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=1485552158&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Freal-estate-price-tier-report-q2-2021&amp;a=report\" rel=\"nofollow noopener\">report<\/a><\/u>\u00a0from Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=895514220&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>), the technology-powered real estate brokerage. By comparison, prices of mid-priced and affordable homes grew just 16% and 13.2%, respectively.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" title=\"Redfin Logo (PRNewsfoto\/Redfin)\" alt=\"Redfin Logo (PRNewsfoto\/Redfin)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;Home prices and sales plummeted at the beginning of the pandemic, but have now more than recovered\u2014especially in the luxury and most affordable price tiers\u2014due to low mortgage rates and strong homebuyer demand during the pandemic,&#8221; Redfin Chief Economist <span class=\"xn-person\">Daryl Fairweather<\/span> said.\u00a0<\/p>\n<p>Fairweather continued: &#8220;Surging prices can be especially problematic for first-time and lower-income homebuyers, but the good news is that the supply of the country&#8217;s most affordable homes is growing. That means there could be more homes to choose from and less competition for buyers in that segment of the market.&#8221;<\/p>\n<p>\n        <b>U.S. Housing Market Summary, Second Quarter 2021<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbtb1 prnrbrb1 prnbcc prnsbbb1 prnsblb1\">\n<tr>\n<td class=\"prnsbts prnrbrs prnvam prnsbbs prntal prnpl6 prnsbls prnpr14\">\n              \n            <\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Luxury<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Expensive<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Mid-Priced<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Affordable<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen3\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Most Affordable<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Median sale price<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1,025,000<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$455,000<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$290,000<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$198,200<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$108,000<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Median sale price, YoY change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25.8%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">18.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">13.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">18.7%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Homes sold, YoY change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">88.2%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">44%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30.5%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">38.4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">56.8%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Number of homes for sale (active listings), YoY change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1.3%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-5.4%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">-7.1%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">0.7%<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11.3%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Median days on market<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">30 (-34 days YoY)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">16 (-25 days YoY)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14 (-19 days YoY)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">17 (-17 days YoY)<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">25 (-17 days YoY)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>The report is based on an analysis that divided all U.S. residential properties into five price tiers\u2014luxury, expensive, mid-priced, affordable and most affordable\u2014based on <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=1207569745&amp;u=https%3A%2F%2Fwww.redfin.com%2Fredfin-estimate&amp;a=Redfin+Estimates\" rel=\"nofollow noopener\">Redfin Estimates<\/a> of the homes&#8217; market values. Any &#8220;record&#8221; referenced in the report dates back to 2013. It&#8217;s important to note that year-over-year gains may appear especially large due to the housing-market slowdown in the second quarter of 2020, when activity stalled due to pandemic restrictions.<\/p>\n<p>\n        <b>Home Sales Rise Fastest in Luxury and Most Affordable Tiers<br \/><\/b>Purchases of luxury homes in the U.S. surged 88.2% year over year in the second quarter, while purchases of the most affordable homes rose 56.8%. By comparison, purchases of homes in other price tiers increased between 30% and 45%.<\/p>\n<p>Home sales have soared across the board during the pandemic as Americans have taken advantage of low mortgage rates and the flexibility to work from anywhere. But sales in the luxury and most affordable price tiers have seen especially large increases. For luxury homes, that&#8217;s partly because affluent Americans have reaped the gains of a strong stock market and <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=2909523914&amp;u=https%3A%2F%2Fwww.theatlantic.com%2Ffamily%2Farchive%2F2020%2F09%2Fsaving-money-pandemic%2F615949%2F&amp;a=swelling+savings+accounts\" rel=\"nofollow noopener\">swelling savings accounts<\/a>. For the most affordable homes, it&#8217;s likely due in part to a rebound in investor activity. Home purchases by real estate investors\u2014who commonly buy lower-priced properties\u2014jumped to a record high in the second quarter.<\/p>\n<p>&#8220;With the pandemic eviction moratorium coming to an end and many Americans priced out of homeownership, investors are keen on buying up inexpensive properties and turning them into rentals,&#8221; Fairweather said. &#8220;A relative abundance of homes hitting the market in both the most affordable and luxury tiers has also enabled purchases in these segments to flourish.&#8221;<\/p>\n<p>\n        <b>Supply Crunch is Less Intense in Bottom and Top of the Market<br \/><\/b>The number of homes for sale in the most affordable price tier rose 11.3% year over year during the second quarter. The next-biggest increase was in the luxury tier, which saw supply grow 1.3%. Supply in the remaining three tiers either declined or grew less than 1%.<\/p>\n<p>&#8220;The government&#8217;s pandemic mortgage forbearance program is coming to an end, which is likely boosting the supply of America&#8217;s most affordable homes,&#8221; Fairweather said. &#8220;Some homeowners are putting their properties on the market because they&#8217;re concerned about being foreclosed upon when forbearance dries up, while other owners of affordable homes are selling because they want to avoid the increase in seller competition that&#8217;s likely to occur when forbearance ends.&#8221;<\/p>\n<p>\n        <b>Homes Across Price Tiers Are Selling Faster\u2014But Especially Luxury Homes<br \/><\/b>Historically, luxury homes have taken much longer to sell than homes in other price tiers, but the gap has narrowed during the pandemic\u2014likely due to increased competition for high-end homes that offer space and privacy.<\/p>\n<p>The typical luxury home that was for sale in the second quarter spent 30 days on the market\u201434 fewer days than the same period in 2020. The most affordable homes spent 25 days on the market, 17 fewer days than a year earlier. Homes in the remaining three price tiers spent about two weeks on the market and also sold faster than they did in 2020.<\/p>\n<p>To read the full report, including charts and additional metro-level data highlights, please visit: <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=650548357&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Freal-estate-price-tier-report-q2-2021%2F&amp;a=https%3A%2F%2Fwww.redfin.com%2Fnews%2Freal-estate-price-tier-report-q2-2021%2F\" rel=\"nofollow noopener\">https:\/\/www.redfin.com\/news\/real-estate-price-tier-report-q2-2021\/<\/a><\/u>\u00a0<\/p>\n<p>\n        <b>About Redfin\u00a0<br \/><\/b>Redfin (<u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=895514220&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>) is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. We sell homes for more money and charge half the fee. We also run the country&#8217;s #1 real-estate brokerage site. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Customers selling a home can take an instant cash offer from Redfin or have our renovations crew fix up their home to sell for top dollar. Since launching in 2006, we&#8217;ve saved customers more than <span class=\"xn-money\">$1 billion<\/span> in commissions. We serve more than 100 markets across the U.S. and <span class=\"xn-location\">Canada<\/span> and employ over 4,100 people.\u00a0<\/p>\n<p>For more information or to contact a local Redfin real estate agent, visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=895514220&amp;u=https%3A%2F%2Fwww.redfin.com%2F&amp;a=www.redfin.com\" rel=\"nofollow noopener\">www.redfin.com<\/a><\/u>. To learn about housing market trends and download data, visit the <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=3119866884&amp;u=https%3A%2F%2Fwww.redfin.com%2Fnews%2Fdata-center%2F&amp;a=Redfin+Data+Center\" rel=\"nofollow noopener\">Redfin Data Center<\/a><\/u>. To be added to Redfin&#8217;s press release distribution list, email <u><a target=\"_blank\" href=\"mailto:press@redfin.com\" rel=\"nofollow noopener\">press@redfin.com<\/a><\/u>. To view Redfin&#8217;s press center, <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3244387-1&amp;h=1423555123&amp;u=http%3A%2F%2Fpress.redfin.com%2Fphoenix.zhtml%3Fc%3D252734%26p%3Dirol-overview&amp;a=click+here\" rel=\"nofollow noopener\">click here<\/a><\/u>.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=SF59794&amp;sd=2021-07-30\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/prices-of-the-most-and-least-expensive-us-homes-are-surging-the-fastest-301344981.html\">https:\/\/www.prnewswire.com\/news-releases\/prices-of-the-most-and-least-expensive-us-homes-are-surging-the-fastest-301344981.html<\/a><\/p>\n<p>SOURCE  Redfin<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SF59794&amp;Transmission_Id=202107300900PR_NEWS_USPR_____SF59794&amp;DateId=20210730\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest of the market. PR Newswire SEATTLE, July 30, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN)\u00a0&#8212; The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country&#8217;s most affordable homes rose 18.7%, according to a new report\u00a0from Redfin (www.redfin.com), the technology-powered real estate brokerage. By comparison, prices of mid-priced and affordable homes grew just 16% and 13.2%, respectively. &#8220;Home prices and sales plummeted at the beginning of the pandemic, but have now more than recovered\u2014especially in the luxury and most affordable price tiers\u2014due to low &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-520770","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest of the market. PR Newswire SEATTLE, July 30, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN)\u00a0&#8212; The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country&#8217;s most affordable homes rose 18.7%, according to a new report\u00a0from Redfin (www.redfin.com), the technology-powered real estate brokerage. By comparison, prices of mid-priced and affordable homes grew just 16% and 13.2%, respectively. &#8220;Home prices and sales plummeted at the beginning of the pandemic, but have now more than recovered\u2014especially in the luxury and most affordable price tiers\u2014due to low &hellip; Continue reading &quot;Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-30T13:03:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/624025\/Redfin_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest\",\"datePublished\":\"2021-07-30T13:03:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\\\/\"},\"wordCount\":955,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/624025\\\/Redfin_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/prices-of-the-most-and-least-expensive-u-s-homes-are-surging-the-fastest\\\/\",\"name\":\"Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest - 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Both segments outpaced the rest of the market. PR Newswire SEATTLE, July 30, 2021 \/PRNewswire\/ &#8212;\u00a0(NASDAQ: RDFN)\u00a0&#8212; The median sale price of U.S. luxury homes jumped 25.8% year over year in the second quarter, while the median sale price of the country&#8217;s most affordable homes rose 18.7%, according to a new report\u00a0from Redfin (www.redfin.com), the technology-powered real estate brokerage. 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