Housing Market News
Luxury Market
Luxury Home Prices Post Double-Digit Drops in the Bay Area, Seattle
Luxury home prices in the Bay Area and Seattle fell between 10% and 13% in the second quarter—more than anywhere else in the country. Nationwide,
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
Boom or Bust? What’s Going on with Luxury Home Prices?
Luxury home prices inched up 0.8 percent in the second quarter of 2016 compared to last year, to an average of $1.66 million, according to
Is the Luxury Housing Market in a Slump?
Global economic volatility rocked the U.S. luxury housing market in the first quarter of 2016, as the average sale price of luxury homes fell 1.1
For-Sale Shortage Hits the Beach And Sends Vacation Home Prices Soaring
Getting away got pricier and sales slowed.
Luxury Housing Market Rebounded at the End of 2015
The luxury home market rallied at the end of 2015, ending a nine-month slowdown. But the future for the top of the market remains cloudy.
Home Prices in the Luxury Market Fell This Summer for the First Time Since 2012
Does a dip in luxury home prices indicate that wealthy buyers and foreign investors are stepping out of the market?
Sales of Million-Dollar-Plus Homes Growing, But Who’s Buying Is Shifting
Sales of homes for $1 million and more continued to solidly outpace the rest of the housing market in the third quarter.
