Housing Market

Luxury Market

A Billionaire Beach Party: Mark Zuckerberg’s $170 Million Florida Purchase Tops March’s Most Expensive Home Sales

A wave of ultra-luxury deals made coastal Florida the center of America’s priciest home sales in March. Other notable sales include Tom Cruise’s former Beverly Hills estate and a Tennessee ranch.  Mark Zuckerberg and Priscilla Chan bought 7 Indian Creek Island Road, a waterfront estate on a Miami island known as the “Billionaire Bunker,” for […]

From Nebraska to Alaska: Redfin and Glassdoor Rank the Top U.S. Cities For New Grads

Chris Martin, a senior economist on Glassdoor’s economic research team, also provided data and analysis for this report. From higher starting salaries to affordable starter homes, some cities give young people a serious leg up. From Omaha to Anchorage to Hilton Head Island, here are the standout big, medium, and small cities for recent college […]
Affordability

A Record 34% of February Home Sellers Cut Their List Price

February home sellers who cut their price lowered it by $41,000, on average, or 7.3%. Home sellers in Texas and Florida were most likely to make price cuts, while sellers in the Bay Area were least likely. More than one-third (34.2%) of February home sellers lowered their list price. That’s up from 31.5% a year […]

The Great Housing Mismatch: Empty Nesters Own 28% of the Nation’s Large Homes, Millennial Families Own 16%

Empty-nest baby boomers own many more 3-bedroom-plus U.S. homes than younger families raising children, underscoring a mismatch between who has space and who needs it.  Millennials with kids are facing both affordability and inventory challenges–but at the same time, baby boomers have little financial incentive to move–and there’s limited inventory of reasonably priced, small, one-story […]
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