Report: Luxury Home Sales in Markets North of NYC Increased by Double Digits in the Third Quarter
The growing number of closed sales is concentrated in the lower end of the luxury market.
Pent-up demand and falling interest rates will drive demand in 2024. People will say "life goes on" and the market will move again.
Home buyers' median income jumped to a record high of $107,000, but they faced less competition thanks to higher interest rates and by offering larger down payments.
Among the major U.S. regions, the South saw the largest share of single-family existing-home sales (46%) in the third quarter, with year-over-year price appreciation of 1.7%. Prices also grew 5.3% in the Northeast, 5.2% in the Midwest and 0.6% in the West.
WASHINGTON—Pending home sales rose 1.1% in September, according to the National Association of Realtors. The Northeast, Midwest and
WASHINGTON—Existing-home sales faded in September, the National Association of Realtors announced today. Among the four major U.S. regions,
WHITE PLAINS—After detailing a laundry list of problems that have caused a “difficult year” for the real estate markets
WASHINGTON—Pending home sales slid 7.1% in August, according to data released by the National Association of Realtors on
WASHINGTON—Existing-home sales moved lower in August, according to the National Association of Realtors. Among the four major U.S.
WASHINGTON—Existing-home sales receded in July, according to the National Association of Realtors. Among the four major U.S. regions,
WHITE PLAINS—The Hudson Gateway Association of Realtors will be hosting National Association of Realtors Chief Economist Dr. Lawrence Yun
WASHINGTON—The National Association of Realtors reports that almost 60% of metro markets (128 out of 221) registered home price
WASHINGTON—Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping
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