Housing Market News
Luxury Market
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.
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
