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Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market

Mansion Global
Political Power Shift Could Generate Changes in the U.S. Luxury Housing Market
Everything from capital gains tax policy to a more stable political environment will affect how affluent buyers view their wealth and appetite for home purchases
By Michele Lerner
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Tetra Images / Getty Images
There’s a new political party in charge in Washington, D.C., one that hopes to make some big changes in the U.S. economy, including tax reform. While the initial priorities of the Biden administration and Congress focus on mitigating the devastating impact of the pandemic, the new political dynamic could eventually create a shift in the luxury housing market. ....

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U.S. Luxury Market Has Strong End of 2020, Especially in Suburban and Second-Home Areas

U.S. Luxury Market Has Strong End of 2020, Especially in Suburban and Second-Home Areas
Jefferson County, a suburb of Denver, ranked as the fastest-growing luxury housing market of the fourth quarter, according to realtor.com
By Liz Lucking
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Luxury housing markets are thriving outside of cities in the U.S.
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The largest and most heavily populated cities across the U.S. continued their fall from grace at the tail end of 2020 as well-heeled home buyers directed their attention from metropolises to suburban living, according to Monday’s luxury market report from realtor.com.
The online property portal tracks the top 5% most expensive residential listings in 95 counties for its luxury index, and it was suburbs and secondary luxury markets that had the most prosperous fourth quarter in 2020. ....

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Ski Towns Becoming Increasingly In-Demand for Second Homes

Ski Towns Becoming Increasingly In-Demand for Second Homes
Snowbirds are focusing their searches on destinations with slopes, that are within driving distance, according to realtor.com
By Lucy Cohen Blatter
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Originally Published On January 15, 2021
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Mansion Global
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Ski locales are increasingly popular, even year-round.
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Snowbirds are fleeing to.snow.
Home searches in U.S. ski towns increased close to 36% in the fourth quarter of 2020, compared to the same time the prior year, according to a report Friday from realtor.com.
The Covid-19 pandemic has some buyers so-called snowbirds from northern climes who escape to states like Florida or Arizona during the winter looking for destinations within a drivable distance, according to Danielle Hale, the chief economist at realtor.com. ....

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U.S. Home Inventory Hits Historic Lows - Mansion Global

Roaring demand amid a dearth of supply in December drove prices up 13.4% year over year ....

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Homes in Wildfire, Flood-Prone Areas Appreciate Slower

Homes in Wildfire, Flood-Prone Areas Appreciate Slower
mansionglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mansionglobal.com Daily Mail and Mail on Sunday newspapers.

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