recovery / 1 posts found

The Luxury Market is Bouncing Back

by paulmcdonald
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Repost from | By Julia Falcon | June 25, 2020 Chief economist says the luxury market is leading the recovery With home price growth outpacing the overall housing market, it appears that luxury homes are bouncing back as homebuyers returned to the market in full force in May. According to’s Luxury Housing Report released on Thursday, the luxury market actually outpaced the rest of the housing market in both price growth and views. Luxury home sellers re-entered the market with new listings for homes priced above $1 million, down just 15.1% year over year in May, compared to 57.8% in April. This means […]