Housing Market News
Luxury Market
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,
Second-Home Demand Rose 70% From Pre-Pandemic Levels in October
While demand for vacation homes has cooled slightly since the start of the year, it’s expected to remain above pre-pandemic levels as Americans take advantage
Supply of Affordable Homes Posts Record Gain as Mortgage Forbearance Ends
In the luxury market, demand remains strong but has cooled from its pandemic peak as a return to normalcy has affluent Americans spending their savings
Second-Home Demand Jumps in September, Bouncing Back After Summer Slowdown
Demand for second homes was up 60% from pre-pandemic levels in September, an uptick from July’s 40% increase but still below March’s record growth. In
Demand for Second Homes Fell 19% Year Over Year in August
Still, interest in vacation homes will likely remain above pre-pandemic levels for the foreseeable future due to the permanent shift to remote work for many
Prices of the Most and Least Expensive U.S. Homes Are Surging the Fastest
Luxury-home prices soared 26% year over year in the second quarter, while prices of the most affordable homes grew 19%. Both segments outpaced the rest
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
Luxury Home Prices Up 7 Percent in the Fourth Quarter
Stock market gains and soaring investor confidence set the stage for high demand for luxury homes as 2017 came to a close. Luxury home prices rose 7.4 percent year over year to an average of $1.76M.
Luxury Home Prices Up 7.5 Percent in the Second Quarter, Outpacing the Rest of the Market for the First Time Since 2014
High-end home prices saw the biggest jump in Irvine, California and fell furthest in Miami.
Luxury Housing Market Off to a Strong Start in 2017
Trump appointee home purchases contribute to 33 percent price surge in D.C.’s luxury market.
Luxury Home Prices Were Nearly Flat Last Quarter; Rest of the Market Showed Substantial Gains
The average luxury home sold for $1.6 million last quarter, according to Redfin research. Click to see the most expensive sales and which cities fared best.
Move Over Miami: Luxury Home Prices Soar in Delray Beach and Boca Raton
Nationally, luxury home prices inched up 1.4 percent in third quarter.
