The luxury market has been “reignited,” according to Realtor.com.
Sales of million-dollar homes rose 25 percent nationwide in June—the biggest bump in four years, according to Realtor.com. The biggest change occurred in the Northeastern and West Coast markets, along with Florida.
The new report attributes the trend both to an increase in consumers' ability to pay—thanks in part to the growth high-paying jobs—as well as continuously rising housing costs pushing more and more homes above a million dollars.
Read the full story: Why are Americans making more million-dollar home buys?
Phoenix, Tampa top list of housing markets with the most price cuts
Nearly a third of Phoenix homes for sale had price cuts last April.
Just 5% of Idaho Homes Affordable to Middle-Income Households
Idaho is in the top six least affordable states for the middle income bracket.
Median Home Prices Top $1 Million in Over 200 California Towns
Towns once known for their affordability are seeing sharply rising home prices.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
California plans to bury El Niño’s downpour
If the state plays its cards right, it may be able to store a billion acre-feet of El Niño’s water in aquifers.
Chicago breaks ground on $3 billion megadevelopment
The new neighborhood, titled Foundry Park, will one day host 3,700 residences.
LA may place emergency ban on karaoke room permits
If Councilwoman Heather Hutt’s proposal passes, the moratorium would last between 45 days and one year.
City officials are dumping billions of gallons of sewage into the Chicago River
This year, the Racine Avenue sewage pumping station has poured over 10 billion gallons of sewage into the Chicago River.
Move over, LA: St. Louis gears up for Olympics, invests millions in downtown redevelopment
The Missouri city will host the 2028 Olympic soccer group stage and knockout matches.
FREE Course: Walkable City 1: Why Walkability?
After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.
Reinventing Malls: Planning Alchemy—Turning Gray Fields Into Gold
The course focuses on the opportunities and imperatives that shape reinvention of mall sites.
City of Rosemead
Rutgers University, Edward J. Bloustein School of Planning and Public Policy
One Hundred Miles
Hunter College, City University of New York (CUNY)
The Architects Foundation
University of Cincinnati Online
City of Cambridge
Montrose County
The Pocatello Development Authority