The median sale price for luxury homes in the U.S. rose 1.2% year over year to $825,000 during the three months ending July 31. The rebound comes after a record decline in the spring, when luxury prices dropped 1.7% as the coronavirus[...]
Low mortgage rates, spending more time at home and working from home are driving forces for people moving due to the coronavirus pandemic. Three-quarters of homebuyers say the coronavirus pandemic has impacted their homebuying[...]
There’s more demand—and less supply—for rural and suburban neighborhoods than cities as the pandemic influences homebuyer preferences. Still, prices are up 6.7% in urban areas. The housing market is hottest in less densely[...]
Trying to buy a home today is starting to feel similar to searching for hand sanitizer or toilet paper in the early days of the coronavirus pandemic—everything is flying off the shelves faster than it can be restocked.
Of homes that went[...]