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A house with a for sale sign in the front.
The typical US homebuyer’s monthly mortgage payment soared to a record high in April, according to Redfin.

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  • The US residential market added $2.4 trillion in value last year, listings site Redfin said. 
  • Rates haven't budged far from multi-year highs and sellers are on the sidelines. 
  • Persistent work-from-home dynamics continue to push up values in many suburbs. 

The housing market in the US added $2.4 trillion last year, jumping to $47.5 trillion. 

Though housing demand has been dampened by stubbornly high mortgage rates, the total value of the market climbed by 5.3% from December 2022, preliminary data released by Redfin on Wednesday showed. 

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Real Estate, Markets, real-estate-market, commercial-real-estate, home-affordability-crisis, residential-property, home-value, Redfin, house-for-sale, work-from-home, new-york-city-housing, apartment-buildings, buying-real-estate
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The US housing market added $2 trillion in value last year, boosted by a nation…