Dana Anderson

Luxury Home Sales Are Hot Again

Posted on by TMN Editor
By CHUCK GREEN Luxury home prices are at an all-time high as a record share of buyers pay cash for homes in the country’s most exclusive areas. According to a recent report by data journalist Dana Anderson at Redfin, the prices of luxury homes rose at twice the pace of non-luxury homes at the end of last year. The typical luxury home sold for $1.17 million in Q4 2023, up 8.8% year-over-year. Like the non-luxury market, low inventory has been pushing prices up, but new listings are increasing as more homeowners jump at the chance to snag rich buyers offering cash for their purchases. “A lot of luxury buyers are coming in with cash, snapping up expensive homes,” Heather Mahmood-Corley,…

Are You Ready To Fall In Love With A Home?

Posted on by TMN Editor
By KIMBERLEY HAAS This Valentine’s Day, if you are ready to get off the sidelines and into the housing market, you are likely not alone in your quest to find a place you love. Potential buyers are coming out of the woodwork and touring homes, according to Redfin’s Homebuyer Demand Index, which measures requests for tours and other buying services from Redfin agents. And although that hasn’t translated into home sales yet, they expect this increase in tours to convert into an improvement in pending sales over the next few months. Dana Anderson, a data journalist at Redfin, explained that more buyers are touring homes now because mortgage rates are holding steady at below 7% and some of these people…