A new survey by Coldwell Banker Previews International® and the Luxury Institute finds that wealthy younger buyers are driving the luxury real estate market, and they are willing to pay more than similar wealthy buyers age 55 and older. Read More »

In response to a June 27 Real Estate Economy Watch article asserting that for the first time since the Institute for Luxury Home Marketing began tracking upper tier market trends in 2008, its Market Action Index hit the threshold that separates buyer’s and seller’s markets earlier this month, ILHM Founder Laurie Moore-Moore points out that he luxury segment has actually been LEADING the recovery for more than a year. Read More »

For nearly two months, through the heart of the spring buying season, the Institute for Luxury Home Marketing’s Market Action Index has stayed stuck at 29, one point below the official level designating a seller’s market. Read More »

The highest tier of homes for sale, which has been the last part of the market to feel the effects of the housing recovery, is on the verge of switching from a buyers’ to a sellers’ market for first time in years. Read More »

Top tier properties are getting close to ending their multi-year buyers’ market and quickly reaching a more equal balance between buyers and sellers, catching up with less expensive homes. Read More »

Pocket listings-homes sold outside multiple listing systems-have become extraordinarily popular over the past year, creating a secondary residential market place that raises questions about the value and role of the Realtor-run MLS system that has dominated residential real estate for more than a century. Read More »

Nearly twice as many homes priced over $10 million were sold to Asians as Western Europeans in the US last year, while buyers from the Americas dominate a far greater share of the international sales for all price tiers than either Asians or Western Europeans. Read More »

Though inventory shortages began at the lower price tiers, tight inventories have worked their way up to the luxury levels in the past two quarters. Expensive homes are selling faster than they were a year ago but third quarter prices are down in many markets compared to a year ago Read More »

October 1, 2011 was a dark day in the nation’s most expensive housing markets. That’s the day higher loan limits expired and the sky was expected to fall. Read More »

Luxury homes have been spending about 16 percent less time on market since early March even though inventories have been rising, which is normal during the Spring buying season, according to the latest weekly report from the Institute for Luxury Home Marketing. Read More »