Here Comes The Luxury Market!
Just when we thought home sales were shifting toward downsizing we get NAR’s news release that reports sales of existing homes prices above $1M jumped over 16% in October from a year ago, outperformed every other price segment. The next strongest was the $750k-1M range, up over 12%. Sales of homes prices under $100k fell 6%. As the U.S. stock market raises, so do sales of million-dollar homes, a relationship not lost on the nation’s Realtors. “There is little volatility in th
