Oregon
REAL ESTATE
Want a bargain on a luxe home? Here’s the 10 cities where high-end home prices haven’t skyrocketed
Several markets where high-end home prices haven’t skyrocketed are dense population centers that people left during the pandemic, when remote-work options allowed folks to live farther from their big-city jobs. These already high-priced housing markets meant there wasn’t much room for prices to grow, especially given buyers’ ongoing affordability challenges, points out Hannah Jones, a senior economic analyst at Realtor.com. For instance, Seattle’s luxury home price threshold rose by around 24%, less than half the increase for luxury homes in general. “In a place like Seattle, luxury prices, especially—but home prices overall—kind of settled down during the pandemic because people were moving out...
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