The luxury real estate market in Austin may be one to watch despite recent price declines, as buyers looking for greater market value from out of state look towards Texas.
Trends of increasing home prices are predicted to slow as economic changes begin to affect buyer demand, and the market adjusts from a strong seller’s market to a more balanced market, however, demand for luxury homes may be less affected as affluent buyer demand continues according to recent reports.
Home sales throughout Toronto and the Greater Toronto Area have slowed but demand for housing continues, according to the September 2022 Stats from the Toronto Regional Real Estate Board.
Despite recent unfavorable economic factors such as high inflation, rising interest rates, and stock indexes, experts predict demand for luxury real estate will continue for the remainder of 2022 and into 2023 according to the new 2022 Mid-Year Luxury Trends Report recently released by Christie’s International Real Estate.
The Oahu luxury market continues to see low inventory, which has led to decreases in the number of properties sold, according to a recent luxury market update for Oahu, Hawaii.
San Francisco’s real estate market experienced a 7% home pricing decline year-over-year, from September 4th, 2021 to September 4th, 2022 as outlined in a recent report by Redfin.
A decreasing number of sales throughout the Phoenix, Arizona real estate market suggests a cooling-off period, but for how long?
Singapore’s luxury real estate market reported fewer sales throughout 2022 compared to 2021, however, home prices have increased year over year according to a recent report from List Sotheby’s International Realty, Singapore.
The Turks & Caicos real estate market is starting to slow with decreasing sales in the first half of 2022, but a new buyer-cycle is expected to fuel the market again according to the recent 2nd Quarter Market Report for 2022 by Turks & Caicos Sotheby’s International Realty.
Markets across the nation appear to be cooling off as the effects of rising mortgage rates on buyer affordability begin to set, but housing remains in demand according to a recent real estate report by Redfin.