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Real Estate Questions and Answers

Real Estate Questions and Answers

Luxury Market

The Luxury Market Is Attracting Buyers in 2021

February 10, 2021 by Rick Landuyt

As more people continue to identify their changing needs this year, some are turning to the upscale housing sector for more space or finer features. In their most recent Luxury Market Report, the Institute for Luxury Home Marketing (ILHM) shares: “In a snapshot of 2020, despite the devasting effects of the coronavirus pandemic, the luxury real estate market has seen one of its … [Read more...] about The Luxury Market Is Attracting Buyers in 2021

How Remote Work Can Power Your Vacation Home Sale

December 7, 2020 by Rick Landuyt

This year, the opportunity to work remotely has increased the demand for vacation homes. Gay Cororaton, Senior Economist and Director of Housing and Commercial Research at the National Association of Realtors (NAR), notes: “Working from home is a positive factor in demand for vacation homes.” Buyers are taking advantage of the fact that working from home might be someplace … [Read more...] about How Remote Work Can Power Your Vacation Home Sale

Buyers Are Finding More Space in the Luxury Home Market

October 1, 2020 by Rick Landuyt

A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury … [Read more...] about Buyers Are Finding More Space in the Luxury Home Market

Opportunity in the Luxury Market This Year

February 24, 2020 by Rick Landuyt

Homes priced in the top 25% of a price range for a particular area of the country are considered “premium homes.” At the start of last year, many of the more expensive homes listed for sale hadn’t seen as much interest, since much of the demand for housing over the past few years has come from first-time buyers looking for starter homes. It looks like … [Read more...] about Opportunity in the Luxury Market This Year

2020 Luxury Market Forecast

January 14, 2020 by Rick Landuyt

By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is a perfect opportunity to take a look at the forecast for the 2020 luxury … [Read more...] about 2020 Luxury Market Forecast

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