CHICAGO, March 01, 2024 (GLOBE NEWSWIRE) — From the concept of quiet luxury to the rise of the upscale college town, and from the arrival of the Gen Z homebuyer to the impact of mansion taxes, the luxury real estate market offers a number of interesting storylines this spring and beyond, according to a new report from Christie’s International Real Estate. The findings are based on surveys and interviews with Christie’s International Real Estate affiliates in nearly 50 countries and territories around the world.
Key themes in the report include:
Increased inventory: Most affiliates expect some relief to the inventory…
Metro Denver’s housing market saw signs of an early spring last month, with both new listings and closings rising sharply, according to an update from the Denver Metro Association of Realtors.
New listings, a measure of seller activity, rose 29.1% month-over-month to 4,243, an increase of 22.6% from a year earlier. Closings were up 31.2% month-over-month to 2,864, but they remained down 0.45% from year-ago levels.
There were 5,511 homes and condos available for sale at the end of the month, an increase of 13.1% from January and 45.9% from February of 2023.
The median sales price for a single-family…
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Home values have been on an upswing, and they likely won’t come down any time soon. The main driving forces behind the spike in cost are low inventory and high interest rates, two issues that won’t resolve overnight. As a result, Zillow predicts that prices will rise by more than 6% by this summer compared to last summer.
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The current real estate environment has many would-be homeowners questioning if buying a house in…