Record Share of Luxury Home Buyers Now Paying in Cash Based on new data by Redfin, the typical U.S. luxury home sold for a record $1.17 million in the fourth quarter, up 8.8% from a year earlier. Prices of non-luxury homes increased at half the pace, rising 4.6% year over year to a record $340,000.…
According to CBRE, with over $55 billion committed by New York State to source 70% of its power from renewable energy by 2030 and to achieve a zero-emission electric sector by 2040, New York City is experiencing the start of a new trend according to the CBRE Brief, “NYC’s Energy-Related Leasing Rises in Response to…
Based on the latest Zillow market report for November 2023, monthly costs for a new mortgage are falling, inventory is trending back toward normal, and price cuts are uncharacteristically common. “Despite high-cost headwinds, buyers have a few things to be thankful for in today’s market,” said Zillow Chief Economist Skylar Olsen. “Home prices are cooling…
Las Vegas home prices rising while inventory shrinks Based on new data from Las Vegas Realtors, housing supply continued to shrink in November 2023, while fewer homes are selling and prices are higher than the same time last year. LVR reported that the median price of existing single-family homes sold in Southern Nevada through its…
Climate change ranked second biggest luxury housing market risk in 2024 Based on new data by Kate Everett-Allen, head of international residential research at Knight Frank, despite 2 regional wars, rising mortgage rates and inflation, global economies have displayed surprising resilience, with recent inflation figures suggesting a turning point. While two major geopolitical crises unfold,…
RRA Named as Top Agency by Real Trends 500 Survey and RIS Media RE/MAX Realty Affiliates (RRA), one of the most successful real estate companies in northern Nevada, ranks among the 50 most productive brokerages in the United States, based on home sales data in the prestigious 2016 REAL Trends 500 survey. RRA placed 47 with an…
