Friday, May 20, 2016

Thank You Janet Yellen: Million Dollar Creep is Taking Place in the Housing Market

Since 2012 the share of million dollar homes in the United States has increased from 1.6% to 3%, reports Trulia.

Among the 100 largest metro  areas, San Francisco has seen the largest increase in the share of million dollar homes in the country, growing to 57.4% in 2016 from 19.6% of homes in 2012. It’s followed by two other Bay Area metros, No. 2 San Jose and No. 3 Oakland. But the phenomenon is not limited to the SF Bay Area: metros in Southern California, Hawaii, and the Northeast have also seen noticeable gains.

Via Trulia here's a look at the markets that have shown the largest increase in million dollar priced homes:


  1. Perhaps the "good" news is that by 2018 or 2019 there will be another great buying opportunity in housing?

    Here in Las Vegas at least, houses are going up but are still quite far away from their 2007 peak. Even in nominal terms. Rents are definitely getting higher, though.

  2. 2018? I was hoping to buy a house in Atlanta this fall.

  3. Funny, when I saw "million dollar creep", I thought "Bill Clinton".