While non-luxury homebuyers are beholden to mortgage rate fluctuations, luxury buyers are using their stock market gains to boost their purchasing power — pushing luxury sales up 2.9 percent. Continue reading
Tansey was a luxury agent in Miami for over 17 years and a Douglas Elliman fixture in the South Florida market. Tributes came in among the agent community upon news of his death. Continue reading
With the partnership, the companies have launched their first jointly branded quarterly luxury market report, and Century 21 agents will receive access to The Institute’s member benefits. Continue reading
There were 11 contract signings at $10 million-plus last week, and the city’s priciest closing was on a downtown condo that sold in an off-market deal for $60 million. Continue reading
Luxury home sales have taken off since Donald Trump’s re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday. Continue reading
Proptech DropOffer, a company that developed an app to help agents assist buyers in off-market transactions, predicts the number of selling alternatives on the market will result in an increase in non-MLS deals in 2023. Continue reading
Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market declining 38 percent year over year, according to Redfin. Continue reading
Luxury home sales in the U.S. dove by 28.1 percent year over year during the three months ending Aug. 31, 2022 — eclipsing the 23.2 percent drop in luxury sales at the height of the pandemic — Redfin data shows. Continue reading
This strategic alliance with RE/MAX will formally introduce the co-living leader to agents who operate in markets where it has homes and shares available. Continue reading
The super-prime market remained resilient, although low inventory and stock market volatility impacted buyers a bit during the second quarter, SERHANT.’s Garrett Derderian said. Continue reading