The housing market in the US has split into two levels, with lower-priced properties selling quickly as inventory of expensive property increases. In California, for example, a home that sold at $700,000 last year is now worth more than $1 million.
The housing market in the US has split into two levels, with lower-priced properties selling quickly as inventory of expensive property increases. For example, a two-bedroom house in Los Angeles priced at $585,000 received ten offers in its first week on the market, while a four-bedroom house a few miles away listed at $3m eventually sold for $2.75m after sitting on the market for a month with no offers.