US Housing Market Predictions 2023: Will Home Prices Drop in 2023: What Do Market Trends Predict?
Here’s when home prices can drop. While this may appear to be oversimplified, it is how markets work. Prices drop when demand is met. There is now an excessive demand for houses in several property markets, and there simply aren’t enough homes to sell to prospective purchasers. Home construction has increased in recent years, although […]
New York Remains the World’s Top Super-Luxury Property Market
London, Los Angeles, Hong Kong and Miami complete the top five in Knight Frank’s annual index. New York retained its title as the world’s top super-luxury housing market last year—though it had to share the laurels with London, according to the latest index from Knight Frank. Both cities registered 43 sales of $25 million or […]
Luxury Property Buyers and Investors Hunt For Value
The High-Stakes Search for Value With the escalating prices and dwindling inventory on a global scale, the term luxury property has come under reevaluation in 2022. Affluent buyers are no longer just confined to the traditional blue-chip markets; they are venturing to lesser-known but promising locations. From the sprawling hills of North Carolina to the […]
What will luxury real estate look like in 2022?
Fueled by a scarcity of available homes, escalating housing prices, and a surge in demand for more spacious residences, the luxury real estate market has undergone a transformative shift that is likely to have long-term ramifications. In 2021, this trend was further amplified by exponential growth in global wealth. Research by Wealth-X, commissioned by Coldwell […]