article thumbnail

Prices for luxury homes soared in the first quarter 

Housing Wire

High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market. 29, nearly half (46.8%) of luxury homes sold were purchased in cash, up from 44.1% A surge in new listings of luxury homes was not enough to curb the price growth associated with rising demand.

article thumbnail

While the Austin housing market isn’t sizzling, agents say it is still warm

Housing Wire

Buyers are still buying and sellers are still selling. We definitely noticed a downturn last year, which coincided with interest rates going up, and buyers just put the brakes on things and wanted to wait to see what was going to happen. Michaels also noted that his business is still seeing a steady stream of out-of-town buyers. “We

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 Ways Real Estate Technology Can Ruin Your Business

McKissock

. “The days of ‘adequate’ photos are totally gone,” says Gretchen Koitz, principal of The Koitz Group , a firm that specializes in luxury properties in Maryland. “It It is imperative that agents turn to professionals so that properties are shown at their very best.

article thumbnail

Agents in Illinois grapple with the state’s housing inventory shortage

Housing Wire

Kingsbury said homes at lower price points have the largest buyer pools and are frequently subject to the stiffest competition. In downtown Chicago, with the high rises, it’s a buyer’s market — maybe the biggest buyer’s market in history if it’s a luxury property. “In

Inventory 441
article thumbnail

The 22 must-have real estate marketing tools for 2024

Housing Wire

Here are some options to help you build a strong real estate website: Luxury Presence This high-end website builder is used by most design-forward agents and brokerages for its stunning layouts, high-resolution video capabilities and a sleek luxury feel. Canva is perfect for everything from new listings to brand promotion.

Tools 450
article thumbnail

SEATTLE ‘WALKING’ TOWARDS URBAN CONNECTEDNESS

Will Springer Realtor

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. The few homes that are available are selling quickly and at or above list price.” fewer new listings, the number of sales rose 1.7% While there were 5.8%

Sellers 36
article thumbnail

TRACKING THE SINGLE HOUSEHOLD AND OTHER LIFESTYLE CHOICES

Will Springer Realtor

SPOTTING TRENDS Builders are hearing from prospective buyers: Developers are being asked to create stylish and functional homes with little compromise on size and at lower prices. Note: Average prices include all home sales – including ultra-luxury properties – and do not portray the housing market as accurately as median prices.)