Luxury Home Sales On the Rise
With the current housing market, and in the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin.
What is Driving These Sales?
Homebuyers are taking this opportunity to move to a larger home. “Remote work, record-low mortgage rates and strong stock prices during the pandemic are allowing America’s wealthy families to gobble up expensive houses with home offices and big backyards in the suburbs,” Fairweather said. Full article on Housingwire.com