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The Most Expensive U.S. Home Sales of June

1. A $60 million estate sale in Beverly Hills indicates strong luxury housing demand. 2. California dominated high-value home sales in June, impacting the overall market trends.

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Why Bullish?

The sale of luxury homes suggests a recovering market, bolstering RKT's business as a real estate service provider. Historical data shows that strong sales in luxury listings can positively influence related real estate stocks.

How important is it?

The report highlights significant luxury sales, directly related to RKT's core business in real estate, which can translate into increased market confidence and potential sales growth.

Why Short Term?

Current luxury real estate trends can affect RKT's performance soon due to increased consumer interest and confidence in housing. Similar past instances show immediate price movement following notable home sales.

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SEATTLE--(BUSINESS WIRE)-- #housingmarket--A 12-bedroom-estate in Beverly Hills was the most expensive home sale of June, fetching more than $60 million, according to a new report from Redfin, the real estate brokerage powered by Rocket. It's followed by two oceanfront homes in Florida, one in Miami Beach and the other in Palm Beach. Half of last month's most expensive home sales were in California, three were in coastal Florida, one was in Manhattan and one was on the Nevada side of Lake Tahoe. All of them sol.

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