Wall Street is wrong about luxury home sales – Business Insider

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Zillow

Luxury home sales have increased, contrary to the opinions of
most Wall Street analysts and press reports. Here are the facts:

  • Sales of homes priced above $600,000 have risen in 37 of the
    43 counties where we purchased the data.
  • Home sales above $600,000 in the last 12 months exceed sales
    in the prior 12 months by 10%.
  • Home sales in Q3 2016 exceeded sales in Q3 2015 by 5%.
  • Sales have increased in every price increment from $600,000
    to $1.5 million+.

See the charts below—and then our explanation of why Wall Street
has it wrong.


John Burns Real Estate
Consulting


John Burns Real Estate
Consulting

Why Is the Common Perception Wrong?

A confluence of five high-profile events has conspired to give
the wrong…

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Read the full article from the Source…

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