Home Sales Expected to Surpass $2.5 Trillion this year; South is the Hottest Region: Redfin

Originally published on May 11, 2021, for Redfin.

The value of properties sold is roughly equal to the GDP of France,
or the combined market value of Amazon and Facebook

SEATTLE, May 11, 2021 /PRNewswire/ -- (NASDAQ: RDFN) — Redfin forecasts a record $2.53 trillion worth of home sales in America in 2021—a 17% year-over-year gain that would mark the largest annual increase in percentage terms since 2013. Redfin (www.redfin.com), the technology-powered real estate brokerage, made the prediction in a new report out today. To put $2.53 trillion into perspective, it's roughly equal to the value of Amazon.com Inc. and Facebook Inc. combined, or the 2020 gross domestic product (GDP) of France. 

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