Homes listed over $1 million are taking up a larger share of the market, per Redfin.

The big picture: Wealthy people are the ones who can play in this market. Million-dollar homes grew 1 percentage point to 9.3% in 2024 from 2023, Redfin found.

The intrigue: The number of U.S. cities in which typical home values are above $1 million climbed to 550 in 2024 from 491.

The bottom line: U.S. median home prices have nearly doubled over the last decade.

Hobbies like knitting, sewing and quilting are helping people connect, and in some instances, bring in a little extra cash.

The big picture: Gardening and homesteading, needlepoint, crochet  — all of these activities typically enjoyed by boomers are taking off with younger generations now, according to TikTok.

• It's all part of the slower living aesthetic, also popular on TikTok.

By the numbers: On TikTok, posts with #needlepoint increased by 400% for the first 10 months of 2024 compared to the same period in 2023, the social platform shared with Axios.

Zoom in: Waste Knot Needlepoint owner Lori Mazza started noticing an influx of customers during the pandemic. Popularity hasn't waned since.

• The Arlington, Virginia-based needlepoint shop has always attracted crafters of all ages, but younger people are starting to take up a large share of their customer base, Mazza says.
• They're looking for ways to get off their phones, ease anxiety and relax, she says.

My thought bubble: I started needlepointing this fall for two reasons: I needed something to do with my hands (besides scroll social media) and I wanted to continue my great-grandma's tradition of homemade stockings.

• My nickname was "Gam Gam" in high school. Safe to say, I'm here for the cozy crafts resurgence.