Luxury consumers brought fresh energy to the housing market in 2023 as their ability to pay cash for a home and ignore the lock-in effect increased, according to a new Coldwell Banker Global Program report.
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Housing Inventory Plummets in Most Affluent U.S. ZIP Codes
A recent Point2 study examined America’s fastest-selling and most expensive ZIP codes, showing that while inventory fell dramatically in some of the nation’s priciest markets, homes are selling faster than the year before, with some million-dollar estates selling in just one week.
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