Redfin says luxury real estate prices have reached an all-time high

Redfin says luxury real estate prices have reached an all-time high

real estate It is increasingly a tale of two markets – a luxury sector that is booming, and the rest of the market that continues to struggle. high rates And less inventory. Overall real estate sales fell 4% nationwide in the first quarter, according to redfin, Still, according to Redfin, luxury real estate sales increased […]

Home sales declined in March despite increased supply. here’s why.

Home sales declined in March despite increased supply.  here’s why.

Potential buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, January 22, 2023. Tiffany Hagler-Geard | Bloomberg | getty images Sales of pre-owned homes fell 4.3% in March compared with February to a seasonally adjusted, annual rate of 4.19 million units, according to the National Association of […]

The high cost of upgrading to a nicer home is blocking the market

The high cost of upgrading to a nicer home is blocking the market

The spring housing market is defying expectations that prices will cool and competition will subside. Higher mortgage rates typically reduce both prices and demand, as was the case last year, but that is no longer the case. There are still very few homes for sale because current homeowners cannot afford to move, and this is […]

Vacation home co-ownership site Pacaso adds low-price listings

Vacation home co-ownership site Pacaso adds low-price listings

Luxury vacation home co-ownership platform Pacaso is attempting to appeal to the masses as it grows its business during an expensive and competitive phase of the housing market. The company, which launched in 2020 with multimillion-dollar homes listed for co-ownership, is now offering thousands more listings with starting share prices of less than $200,000. Previously, […]

Home sales rise 9.5% in February due to improvement in supply

Home sales rise 9.5% in February due to improvement in supply

A “sale pending” sign in front of a home in Pinole, California, US, on Tuesday, December 26, 2023. David Paul Morris | Bloomberg | getty images Sales of existing homes rose 9.5% to 4.38 million units from January to February on a seasonally adjusted annual basis, according to the National Association of Realtors. Housing analysts […]

ICON’s Vitruvius AI program designs dream homes

ICON’s Vitruvius AI program designs dream homes

Artificial intelligence is making headway in the housing sector, especially architecture. ICON, which developed one of the first fully 3D-printed housing developments in the US, is taking automation another step further. It recently unveiled an AI program called Vitruvius that helps consumers design custom homes online and get plans, making the process cheaper and faster. […]

Homebuilder sentiment turns positive for the first time since July

Homebuilder sentiment turns positive for the first time since July

A two-family home is under construction in Shelburne, Vermont on November 17, 2023. Robert Nickelsburg | getty images U.S. homebuilders are feeling more confident about their business than last summer as they see better demand despite extremely high mortgage rates. Homebuilder sentiment rises 3 points to 51 in March National Association of Home Builders/Wells Fargo […]

Average housing prices rose 20% in last two years in 8 major cities: Report | news

Average housing prices rose 20% in last two years in 8 major cities: Report |  news

According to a report by CREDAI, Colliers and Liaises Foras, average housing prices in the top eight cities have increased by nearly 20 per cent in the last two years due to rising demand. These eight cities include Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR) and Pune. In a joint statement […]

The hottest housing market for the ultra-rich in 2024

The hottest housing market for the ultra-rich in 2024

The port of Fontville Harbor in the Principality of Monaco. Education Images | Universal Images Group | getty images When it comes to buying their next home, ultra-wealthy people are looking for a better lifestyle and a stronger investment, according to a new study. According to , one-quarter of American ultra-high-net individuals, or those worth […]