Housing Market News
Luxury Market
Luxury Home Prices Bounce Back, Rising 1.2% in Early Summer
Luxury real estate prices are rising as the coronavirus pandemic drives demand for extra bedrooms, home offices, big backyards and pools
Luxury Home Prices Dropped 2.3% This Spring, Reversing Course From Pre-Pandemic Growth
Momentum in high-end home-price growth changed course with the onset of the coronavirus pandemic, but the latest data shows luxury home prices are starting to rebound.
Luxury Housing Prices Strengthen in Fourth Quarter, But Still Have Room to Grow
The luxury real estate market ended the year in a better place than it started, but growth still remains below its peak.
Luxury Housing Market Stabilized in the Third Quarter After a Weak First Half
With sales up and supply down, the luxury market moderated after the first two quarters were marred by nerves about an impending recession.
Luxury Housing Market Remains Chilly: Prices up Just 1% Amid Falling Sales and Surging Supply in the Second Quarter
High-end home prices rebounded slightly in the second quarter, but sales continued to drop and supply surged.
Luxury is Becoming More Attainable. Here’s What Luxury Homes for Sale Look Like Around the Country
For the first time in years, the average sale price for luxury homes nationwide fell to $1.55 million in the first quarter of 2019.
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
High-End Home Sales Surge Nearly Twice as Fast as Sales of Mid-Priced Homes
Purchases of high-end homes jumped 26% in the three months ending April 30, versus a 15% increase for mid-priced homes. High-end sales rose the most
