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
2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down
Home sales so far this year are lower than they were in 2013, but there’s one sliver of the housing market that’s going strong: the very top of it. Sales of the priciest 1 percent of homes are up 21.1 percent so far this year, following a gain of 35.7 percent in 2013.
How the Top 1% Fared in the Housing Crash
Five years after the crash, the economy may not be back on its feet, but the ultra-rich are sitting pretty. According to new research done by UC Berkeley, the richest one percent of Americans captured 95 percent of the income growth in the United States between 2009 and 2012. With homes always on our mind, this stunning stat made us wonder: How did the top 1% of homes fare the housing crash?
Luxury Home Sales Hit 6-Year High
As the housing market and the economy both continue to recover, the luxury housing market is making big gains as well.
