Housing Wire
MARCH 29, 2024
It is nearly April, which means temperatures in the Austin metropolitan area are heating up — and so is the housing market. While Austin has made headlines in recent months for the number of homebuyers looking to move away from the metro area, local real estate professionals say that buyer demand remains strong.
Housing Wire
OCTOBER 23, 2020
In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now.
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Housing Wire
FEBRUARY 7, 2024
The residences were offered individually and collectively via Sotheby’s Concierge Auctions in partnership with Harald Grant of Sotheby’s International Realty , Tim Davis of The Corcoran Group , and Cody Vichinsky, the president and founding partner of Bespoke Real Estate. higher than the opening bid.
Housing Wire
APRIL 19, 2024
Redfin defined luxury homes as those estimated to be in the top 5% of their metro area based on market value, while non-luxury homes are those with estimated values in the 35th to 65th percentile. High-end buyers tend to be more immune to mortgage rate fluctuations and flock to the luxury housing market.
Housing Wire
FEBRUARY 8, 2024
Despite the population decline, Illinois’ housing market remains relatively strong. The state has an Altos Research Market Action Index score of 44, which is above the national score of 39. Altos considers anything above 30 to be indicative of a seller’s market. It’s depressing,” Laricy said of the downtown market. “One
Housing Wire
APRIL 21, 2021
. “[Selling] isn’t as big of an issue for luxury homeowners since there’s a relative abundance of high-end homes to choose from,” Fairweather said. The consequences of low inventory finally caught up with the housing market in February, with tightened supply largely responsible for a 10.6%
Realtor
JULY 13, 2021
In our current seller’s market, the national inventory of active listings is down 43.1% year over year, according to the Realtor.com June 2021 Housing Market Trends Report. But some buyers in especially tight markets are taking even riskier measures to beat out competitors: They’re removing contingencies.
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