Luxury home demand rises faster than other sectors



Wealthier Americans are upsizing their homes even though the economy struggles amid a never-ending COVID-19 pandemic. A report in Bloomberg last week revealed that demand for multi-million dollar homes is soaring, with prices rising faster than other segments of the real estate market. Applications for mortgages larger than $766,000 were up 59% year over year […]

Top Locations for Luxury Homes in the US



If you’re in the market for a luxury home, a good way to start is to do some investigation about areas that most appeal to you. There are numerous well-known places you can choose from, and you’ll often find many of them feature a proximity to water. This makes sense when you consider the beautiful […]

The Most Luxurious New Construction Condo Developments in the U.S. Right Now



Residential construction in the U.S. has slowed a bit in 2019, which isn’t exactly great timing considering housing affordability is at its lowest point in about a decade. Despite declines in both affordability and availability, however, the luxury new construction condo market across the country features more than a few intriguing options, starting with these […]

Luxury condos are offering access to doctors as an amenity



Some luxury condo developers have found a new hook for buyers with the offer of wellness programs for residents that provide exclusive access to doctors. Wellness has long been a feature of luxury developments, but in recent months with coronavirus on everybody’s lips, it has been given much more focus. Now, the developers of Ritz-Carlton […]

Luxury home sales have doubled in the last 12 months



While home sales have increased in every price bracket since the COVID-19 pandemic began, they’re rising much more quickly at the upper end of the market. Indeed, sales of homes valued at $1 million or more have doubled since last year, causing National Association of Realtors chief economist Lawrence Yun to comment that this is […]

Ultra-wealthy Americans target luxury real estate



The net worth of America’s wealthier individuals has increased substantially in the five-month period ending in August, and many are choosing to invest their gains in real estate. That’s according to a report from research firm Wealth-X, which said the recent stock market boom has helped many wealthy individuals in the U.S. to recover wealth […]

Disinfection rooms take root in luxury apartments



UV robots and a sanitizing butler are becoming important commodities in luxury homes as the trend towards so-called “disinfection rooms” gains pace, according to report in Forbes.com. Luxury apartments and condos are increasingly making use of disinfection spaces in order to prevent the spread of germs. But what does a “disinfection room” consist of? According […]

“The Golden Girls” home sells for $1M over its asking price



Douglas Elliman agent Rachelle Rosten told the Wall Street Journal she was “shocked” to see a huge amount of interest a mid-century modern home that previously appeared in the 1980s TV sitcom The Golden Girls after listing it for sale. The home was quickly sold for more than a million dollars above its asking price. […]

Baseball fans flock to luxury rentals near ballparks



Baseball fans missing out on the action due to the coronavirus pandemic are taking desperate measures to get their fill by renting out apartments overlooking stadiums. Some of the units at the West Half luxury rental apartment complex in Washington D.C. for example have a great view of Nationals Park, home of the Washington Nationals, […]

Coronavirus pandemic sparks growing interest in luxury homes



The market for luxury homes rebounded in strength last month, rapidly outpacing other market segments in both listing views and price growth, according to the latest Luxury Housing Report from realtor.com. The report found that second home markets in particular were seeing a lot of attention from buyers, as they shift their attention away from […]