Luxury Housing Market Booms as Affordable Home Sales Falter
The third quarter saw the largest increase of luxury home sales since 2013 with a 41.5% increase year-over-year, according to a report from Redfin. At the same time, “expensive” home sales rose by just over 17% year-over-year.
Mid-priced home sales went up by 3% and affordable homes went down by 4.2%.
The most affordable housing …
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