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Luxury real estate prices just hit an all-time record - TL;DR CNBC

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 franciscobusinessnew york citywealthseattlenew yorkreal estatebusiness newshousingredfin corp

Source: https://www.cnbc.com/2024/04/22/luxury-real-estate-prices-hit-an-all-time-record.html


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