The strong luxury real estate market of the past two years will continue for the remainder of 2022 and into 2023 despite high inflation, rising interest rates and stock indexes that have posted double-digit losses on the year. That is one of the main conclusions of the new 2022 Mid-Year Luxury Trends Report recently released … Read more
Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic. Redfin analysis finds the luxury-housing market is cooling down amid a slumping stock market, rising mortgage rates and economic uncertainty. Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the … Read more
Where the wealthiest and most powerful players tend to own property? “Power Markets” include both well-established and unexpected luxury markets offering a range of lifestyle amenities, cultural experiences and educational opportunities. Coldwell Banker Global Luxury Released The Report: State of Luxury Real Estate 2019 Coldwell Banker Real Estate LLC and the Coldwell Banker Global Luxury … Read more
Sales volumes of second-home and resort lifestyle destinations grew by 19 percent, up from a seven percent annual decline in the prior year. Luxury Home Sales Grow 11 Percent Worldwide, says Christie’s International Real Estate Luxury Defined Report. Hong Kong ranked as the world’s most luxurious housing market, followed by New York and London. With … Read more
Luxury Home Prices Dip to 2014 Levels in Manhattan. As the supply of luxury homes in New York City continued to outpace buyer demand, the median price of luxury homes sank to its lowest level since April 2014 in Manhattan and close to its lowest level since May 2016 in Brooklyn, according to the October … Read more
The housing shortage in the U.S. is now affecting the top of the housing market, says Report. Luxury home prices rose 7.5 percent in the second quarter of 2017 compared to last year, to an average of $1.79 million, according to the latest luxury housing market report by real estate brokerage Redfin. Redfin’s analysis tracks … Read more