'Velocity' in the Resale Housing Market Is Highest Ever - THEMARKETTRENDZ

Post Top Ad

Wednesday, 14 October 2020

'Velocity' in the Resale Housing Market Is Highest Ever



Oct.14 -- Demand for luxury homes is soaring, underscoring how the pandemic has intensified wealth disparities in the U.S. High-end sales jumped 42% in the third quarter from a year earlier, according to a report from brokerage Redfin. That’s the largest jump dating back to 2013. Sales of mid-priced homes climbed just 3%, while affordable purchases declined 4%. Ivy Zelman, CEO of Zelman & Associates, speaks with Bloomberg's Caroline Hyde, Romaine Bostick and Joe Weisenthal on "What'd You Miss?" about the wealth gap in housing.
View on YouTube

No comments:

Post a comment

Post Bottom Ad