Top U.S. Cities Where Affluent Home Buyers Can Snag a Deal This Fall

Even as the number of foreign buyers plummeted, those from outside the five boroughs accounted for nearly one-quarter of all New York City home purchases in the first half of the year, according to a report from research firm PropertyShark. The report found that people with addresses from other states or counties purchased more than 23% of homes, up from about 19% over the same six-month span a decade ago. Gothamist

Renters in Winnipeg, Canada, are digging deeper to pay for their digs. The city is seeing the fastest-growing rents for one-bedroom apartments across Canada in the past year. According to a report by Zumper, a one-bedroom apartment in Winnipeg has an average rent of C$1,480 (US$1,079) a month, a 23.3% increase from the same time in 2023, and the highest growth among Canadian cities. CTV News

It was once a price threshold associated only with luxury properties, conjuring images of pools, tennis courts and other high-end amenities. Now, 8.5% of U.S. homes have an estimated value of $1 million or more, a record high, according to a new analysis by brokerage Redfin provided exclusively to The Wall Street Journal. That is up from 7.6% a year ago and more than double the 4% recorded before the pandemic. The Wall Street Journal

As part of Vice President Kamala Harris’s economic agenda for the next four years, to be released Friday, the presidential candidate plans to focus on housing, with $40 billion going to local jurisdictions to help with building 3 million new homes, through zoning reform and other programs. The plan also includes additional down-payment assistance for first-time home buyers. The Hill