The true cost of luxury homes is much higher than the price tag

Luxury home buyers are racing to snap up supersized homes with extra upgrades and tons of amenities, but many are at risk of going over their budgets as they do, experts say. The danger, according to Mari Adam, a certified financial planner with Mercer Advisors in Boca Raton, Fla., is that people can buy real

Read More »

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

Read More »

Ski towns see luxury home sales jump

America’s ski season has been hit by the coronavirus but that hasn’t stopped people from buying up homes in popular ski areas. In fact, sales have surged this year, and it’s causing home prices to rise faster than the national average in these areas. “This was the busiest summer selling season ever,” Ben Fisher, a

Read More »

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

Read More »

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.

Read More »

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

Read More »

Your Guide to Selling a Luxury Home

The luxury real estate market is a completely different beast than any other. A savvy agent will find it an incredibly lucrative career, but this is only if they’ve lined their belt with the proper tools. If you’re getting ready to sell your first luxury home, we want to equip you with the knowledge required to have buyers promptly sign the contract. To

Read More »

Chattanooga’s Stunning 4385 Sailmaker Circle to Be Offered at Auction

Coming up August 24th, Signature Auctions will conduct a $1 million dollar reserve auction of 4385 Sailmaker Circle on the big water of Chickamauga Lake in Chattanooga.

RE/MAX Premier Luxury Housing Report

Luxury residential sales in the seven-county Chicago area quickened, as they always do, during the year’s second quarter after posting sluggish results in the first quarter. Nonetheless, sales in the April-June period still trailed the activity levels posted a year earlier, according to the quarterly RE/MAX Premier Luxury Housing Report from RE/MAX Premier of Chicago.

Read More »

How Millennials are Reshaping the Luxury Home Market

Millennials are well known for their ability to alter the status quo and usher in change. In the job market, they’ve demanded, and increasingly obtained, the option to work remotely from home or a nearby coffee shop and enjoy more flexible hours. Rather than settling in the suburbs, many of them have chosen to live

Read More »

RealtyBizNews: Real Estate Marketing & Beyond