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Luxury home sales rise 41.5%, making biggest jump since 2013

Housing Wire

In the largest increase since 2013, luxury home sales rose 41.5% While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. in the third quarter, according to a new report from Redfin.

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NAR: Black homeownership is on the rise, but a large racial gap remains

Housing Wire

NAR’s 2025 Snapshot of Race and Home Buying in America explores how racial demographics, affordable housing availability and access to financing can shape trends in the U.S. housing market. of American households owned their home in 2023, which is slightly higher than it was in 2013 (63.5%).

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Black Homeownership Makes Gains, But Still Lags Behind Other Cohorts 

Appraisal Buzz

This report provides the housing ecosystem with in-depth information about how racial and ethnic groups approach the housing market, said Jessica Lautz, Deputy Chief Economist and VP of Research for NAR. The latest real estate market intelligence study focuses on who is joining the U.S. in 2013), with over 11.8

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“It seems impossible:” Bergen County, NJ’s housing market is vexing agents and buyers

Housing Wire

Real estate agents in the leafy suburbs of Bergen County, New Jersey say the current housing market — with historically low inventory and record-high prices — is actually more challenging than the multiple offer chaos they sweated through during the pandemic. “At

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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

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. 1, and runs through May 1.

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International buyers purchase fewest existing homes on record: NAR

Housing Wire

Residential Real Estate Report that the number of existing homes purchased by international buyers had fallen 36% year over year to 54,300 homes during the year ending in March 2024. This decrease came even as the average ($780,300) and median ($475,000) purchase prices for foreign buyers were the highest ever recorded by NAR, up 21.9%

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The housing market is still savagely unhealthy

Housing Wire

However, the real story of 2022 is that the savagely unhealthy housing market continues as inventory is still lower than last year, sending home prices growth into double digits again. housing market; the 10-year is above 1.94%, something that didn’t happen in 2020 or 2021. 2014 was the last year total inventory grew.