The housing market is picking up in some of the most expensive regions of the US
Despite mortgage rate unpredictability, the real estate market is
growing in some of the country’s priciest cities. According to the
latest Zillow data, listings and homes going under contract have
increased markedly in September. Cities at the top end of the market,
such as Seattle, Los Angeles, and San Jose, showed the greatest gains.
“Generally, new listings and sales moved closer to pre-pandemic norms in
September,” said Kara Ng, a housing economist at Zillow, told Yahoo!
Finance. “That’s still a long way to go in terms of normalizing supply.”
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