Items Tagged with 'luxury homes'

ARTICLES

  • Redfin: Luxury home prices experience the first annual decline in nearly three years

    Homes priced at or above $2 million drop to a 9-year low
    In the first quarter of 2019, luxury home prices decreased 1.6% year over year, marking the first annual decline for the market in nearly three years, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said since homeowners can’t deduct as much mortgage interest as they used to be able to, the calculus has changed when it comes to buying a home, especially an expensive one.
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  • Ouch! New tax code hit Wall Street where it hurts: Hamptons home prices

    Sales tumbled 18% in Wall Street’s summer playground
    Home sales and prices tumbled in 2019’s first quarter in the Hamptons, the summer playground for Wall Street bankers and Hollywood glitterati. Wall Street bonuses are down and the new federal tax code is making it more expensive to own luxury properties in states that have high property taxes.
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  • Redfin: Economic headwinds dampen luxury home market

    In Q4, sales of homes priced at or above $2 million decreased 3.9%
    In the fourth quarter of 2018, luxury home prices increased 4.7% year over year to an average of $1.78 million, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather explained economic headwinds are responsible for the decline.
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  • Redfin: Luxury home market takes a breather

    Luxury home prices experience lowest growth rate in nearly 2 years
    In the third quarter of 2018, luxury home prices increased 3.2% year over year to an average of $1.7 million, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said the slow pace of price growth can be attributed to the stock market.
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  • Trulia: Housing market fails to produce what buyers really want

    Gap grows between number of starter and luxury homes
    The gap between the homes available for sale and the kind of homes buyers want continues to widen. The mix-match varies widely across the country as cities like Grand Rapids, Michigan have extremely mix-matched markets for all home types, other cities, such as Camden, New Jersey, are much more level.
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