Luxury real estate prices just hit an all-time record
Publishing timestamp: 2024-04-22 14:44:27
Summary
Luxury real estate sales increased more than 2%, hitting their best year-over-year gains in three years. The median price of luxury homes reached an all-time record of $1,225,000. The luxury real estate market is booming due to interest rates, supply, and affluent buyers purchasing with cash. Luxury markets in areas not typically known for luxury homes are seeing the strongest price growth.
Sentiment: POSITIVE
Tickers: RDFN,
Keywords: san francisco, business, new york city, wealth, seattle, new york, real estate, business news, housing, redfin corp,
Source: https://www.cnbc.com/2024/04/22/luxury-real-estate-prices-hit-an-all-time-record.html