Demand Wanes For Luxury Homes

Demand Wanes For Luxury Homes

  A surplus in the market of high-end homes may mean big deals for homebuyers.   The U.S. has seen a growth in inventory of high-priced homes.  Homes for sale between $500,000-$750,000 rose 15.9% in March compared to the same time last year, according to the National Association of Realtors®.  Homes over $1 million rose 12.6% year over year.  But many of these high-priced homes are lingering on the market for months and not fetching the desired purchase price. The real estate market in the U.S. is strengthening, for sure, but consumers are much more wary post-recession.  Stock market volatility ...Read more