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 […]

Non-eviction order leads to a rise in luxury home squatting



With landlords no longer able to evict tenants due to the COVID-19 pandemic, some tenants are taking advantage of the situation by squatting in some luxury, short-term rental homes. As a result, landlords say they’re missing out on thousands of dollars in rental payments. The problem is that some short-term tenants who rented properties just […]

Zillow sees more listings of high-end homes



New listings of high-end homes dropped the farthest and fastest when the coronavirus pandemic hit the U.S., while affordable listings were less affected, a new Zillow analysis shows. But as new listings have increased in recent weeks in response to strong buyer demand, more high-end homes are coming onto the market than any other type. […]

Growing demand for private, isolated homes



Rental homes in the high-end Hamptons neighborhood is in high demand as the rich and famous look to flee the coronavirus outbreak in New York. Landlords with rentals in the Hamptons say they’re seeing increased demand for homes from a large number of clients, who’re willing to pay whatever it takes. Brick Underground reported that […]

Artificial lagoons are one of housing hottest amenities



Home buyers are increasingly being enticed by beachfront-like homes that share stunning neighborhood lagoons for relaxing and leisure. Indeed, the concept of “crystal lagoons” is likely to expand in the U.S., CNBC reported. To date, five lagoon communities exist in two U.S. states, Florida and Texas, and seven more are set to open later this […]

Luxury apartment building will boom in 2020, experts say



American building firms are set to construct the highest number of apartments in 2020 for more than 40 years, according to a new analysis from property management software firm RealPage. Many of those new apartments are targeted at the luxury home sector, RealPage added. In total, around 371,000 new rental apartments are expected to be […]