Housing Market News
Luxury Market
Luxury-Home Purchases Sink a Record 45% to the Second-Lowest Level on Record
That outpaces the record 37% decline in sales of non luxury homes. The supply of luxury homes for sale is also near historic lows. Sales
Million-Dollar Homes Are Becoming Less Common as High Mortgage Rates Cool the Market
The share of U.S. homes worth at least $1 million has fallen to 7% from 8.6% last June as the housing market cools. Just over
Luxury-Home Sales Sink 38%, the Biggest Decline on Record
That outpaced the 31% decline in non luxury home sales—which was also a record drop—but there are early indicators that homebuyer demand may inch back.
Luxury-Home Purchases Plummet 28%, the Biggest Drop on Record
The decline was roughly twice as severe in the Bay Area. High-end homebuyers are backing off as rising interest rates, inflation, a tepid stock market
Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic
The luxury-housing market, which experienced a meteoric surge last year, is coming back down to earth amid a slumping stock market, rising mortgage rates and
Vacation-Home Demand Rose 83% Above Pre-Pandemic Levels in November
Interest in second homes remains strong as buyers race to lock in low mortgage rates and employers introduce permanent rules for remote work. In November,
Sales of $2M-Plus Homes Down 16% in the First Quarter, Biggest Year-Over-Year Decline Since 2010
Nationwide, prices for luxury homes dropped 1.6% annually in the first quarter, while sales plummeted 16% and inventory rose 14%. In some cities, though, the luxury market is going strong.
7 Luxury Trends for 2019
Money can’t buy you love but it sure buys a pretty home. These are the top luxury trends and features guaranteed to be on home buyers’ wish lists for 2019.
Sales of $2 Million-Plus Homes Decline for First Time in 2 Years as Prices Tick Up
Volatility on Wall Street and global economic uncertainty may have contributed to a decline in high-priced home sales in the luxury market. The average sale
Luxury Home Prices Up 3.2 Percent Annually in the Third Quarter, the Lowest Growth Rate in Nearly Two Years
Supply of homes priced $2 million or more fell 6 percent from a year earlier, as inventory overall inched up. Luxury home prices rose 3.2
Luxury Home-Price Growth Slows to 5 Percent in the Second Quarter
Despite Cooling in Price Growth, High-End Homes Sold Faster Than Ever
Shrinking Supply Sends Prices for Luxury Homes Up Nearly 8 Percent in First Quarter
Number of Luxury Homes for Sale Fell 20 Percent, Marking Four Consecutive Quarters of Decline
