Luxury Trends

• Marin facing heightened wildfire risk, new study finds

  May 17, 2022

  A report found that nearly 80 million properties are at some risk of wildfire

• We’re not in a housing bubble, say Zillow economists

  May 13, 2022

  Historically speaking, the ongoing housing boom is an anomaly. Over the past two years, U.S. home prices have soared 34.4%—including 19.8% over the past 12 months. For perspective, home prices have risen on average 4.6% per year since 1987.

• Turnkey Is King for Those With a ‘Move-in-Now’ Mentality

  May 8, 2022

  Amid the pandemic, some developers in Hawaii, California and other areas are catering to buyers looking for furnished and pre-decorated homes

• The housing market’s key metric just took an ugly turn for homebuyers

  March 14, 2022

  Enticed by record-low mortgage rates and employers allowing them to work from anywhere, home shoppers rushed into the housing market during the pandemic. That influx of buyers caused inventory—the number of homes for sale—to plummet. Of course, less supply in the face of higher demand is the perfect recipe for spiking home prices.

• The red hot housing market isn’t sustainable—CoreLogic forecasts home price growth to slow

  February 23, 2022

  Entering into 2020, the nation already didn't have enough homes built to satisfy millennials who were entering into their peak first-time home-buying years. Then the COVID-19 crisis struck. The ensuing record low mortgage rates and flexible work from home policies—which allowed buyers to expand their home search further into the burbs—only attracted more buyers into an already tight and competitive market. Simply put: The pandemic created a perfect storm in the housing market.

• Demand for Second Homes in the U.S. Hits Highest Level in a Year

  February 10, 2022

  Interest is up 87% compared to pre-pandemic levels, just below its peak of 90% in September 2020

• U.S. Housing Affordability Worsens

  February 10, 2022

  Median sales price for single-family existing homes was higher in fourth quarter versus year ago in 181 of 183 metro areas

• The Super-Rich Bought More Than $40 Billion in Luxury Homes Last Year

  February 9, 2022

  Transactions on homes priced at $10 million or higher jumped 112% in 2021. Los Angeles had the most, followed by Manhattan and Palm Beach

• $10 Million-Plus Home Sales Doubled in 2021

  February 9, 2022

  Los Angeles saw the most big-ticket deals, though burgeoning luxury market Austin, Texas, saw the biggest year-over-year gains

• THE $10M+ NATIONAL LUXURY REPORT

  January 26, 2022

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