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These 5 US Cities Have the Fastest-Rising Home Prices

These 5 US Cities Have the , Fastest-Rising Home Prices. 'Newsweek' reports that five cities in the United States saw home prices increase by more than 8% between January 2023 and January 2024. The S&P CoreLogic Case-Shiller National Home Price Index showed that all 20 cities analyzed had year- over-year increases during the same period of time. According to the report, , these are the five cities where , home prices grew the fastest:. Chicago, IL, Home prices increased by 8% year-over-year in the Windy City. According to the latest Redfin data, the median sale price of a house in Chicago was $335,000 as of February 2024, a 6.3% increase compared to the same time last year. Charlotte, NC, Charlotte saw home prices increase by 8.1% year-over-year for 2024, with the median home price at $399,995. Detroit, MI, Motor City saw home prices jump 8.3%. The median sale price of a home was $83,000, a significant 15.3% increase compared to 2023. 'Newsweek' reports that while Detroit has some of the cheapest home prices in the nation, its housing market is seeing a resurgence due to a boom in electric vehicle production. 'Newsweek' reports that while Detroit has some of the cheapest home prices in the nation, its housing market is seeing a resurgence due to a boom in electric vehicle production. Los Angeles, CA, The city's 8.6% hike ranked as the second-highest price increase in the nation with the median home price at $975,000, a 5.9% increase year-over-year. San Diego, CA, San Diego registered a whopping 11.2% price increase for 2023 with the median sale price sitting at $940,000, a 10% year-over-year increase.

These US Cities Have the Highest Populations of Millionaires

These US Cities, Have the Highest Populations of, Millionaires. According to a report by Henley & Partners, the United States remains the top country in the world for private wealth creation and accumulation. Quartz reports that the U.S. accounts for about 32% of global liquid investable wealth, valued at approximately $67 trillion. Here are some of the cities with the largest populations of millionaires, according to the report. Austin, This Texas city had the biggest explosion in millionaire growth in the U.S. over the past ten years, reaching 32,700 by the end of 2023. . Miami, This Florida city is home to 35,300 millionaires and 15 billionaires, including Amazon CEO Jeff Bezos. Boston, While having just eight billionaires, the fewest of any other city on the list, this New England city is home to , 42,900 millionaires. Seattle, This Washington State city is the home of some of the largest corporations in the U.S., including Amazon and Microsoft. It's also home to 54,200 millionaires and 11 billionaires. . Chicago, Approximately 120,500 millionaires live in this Midwestern metropolis. . Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires. San Francisco, The tech hub of the U.S. boasts the most billionaires with a whopping 68, as well as the second-most millionaires with 305,700. . New York, The city with the most high net worth individuals has about , 349,500 millionaires and 60 billionaires