Prices Increasing in the Luxury Market
"It's a tale of two markets," says Danielle Hale, chief economist for Realtor.com.
"America’s secondary cities have recorded robust luxury price growth, with at least 20 counties posting double-digit gains over the past year," reports Beckie Strum.
That data from the most recent issue of a monthly report by Realtor.com.
"Cities on the Gulf Coast of Florida as well as Seattle, Las Vegas and Nashville, Tennessee, and their environs all recorded double-digit price increases over the past year," adds Strum.
The activity contrasts with slowing growth in the overall market.
Published on Wednesday, September 19, 2018 in
- More Evidence That New Housing Lowers Rents (Maybe)
- Another Approach to Affordable Housing
- Explained: The Common Look of the Contemporary Mid-Rise Apartment Building
- Seeing the Urban Forest for the Trees
- More Fallout From Downsizing California High-Speed Rail
- Sale of Illinois Tollway Considered to Pay Pension Debt
- Two Cities That Reduced Driving Over a Decade
- Obama Presidential Center Dealt Legal Setback
- Oregon to Consider New Densities for Transit Adjacent Neighborhoods
- Major Street Redesign Coming to Pittsburgh's Historic Strip District
- Voters to Decide the Legal Status of Lake Erie
- Cities' Role in Climate Governance and Global Policy: A Dispatch from the Urban20
- Report: Sprawl Affecting Farmers in Greater Washington Region
- The Potential of Shuttles Now That Chariot Is No More
- Contest: Design a Logo for New York's Privately-Owned Public Spaces
- The Artist of the Planning Department
- Coal, a Campaign Promise Unfulfilled
- Friday Fun: Oscars-Nominated Films Featuring Place in a Starring Role
- Controversy Erupts Over Sidewalk Labs Development Plans in Toronto
- When Analyzing Suburbs, Definitions Matter
