realtor.com Despite warning signs of impending economic doom, the luxury real estate market is showing no signs of a slowdown. The week’s “cheapest” of the most expensive new listings on realtor.com® will still set a buyer back $30 million. So never mind the fuss over Brexit, because it was a booming week for luxury in the U.S. this week. The total value of the five priciest new listings is a staggering $210.5 million. However, there’s a little gloom out there for the luxury market—our own chief economist, Jonathan Smoke, sees a stronger dollar ahead, which “will dilute buying power for many international buyers.” That said, Smoke loves the decline he’s seeing in mortgage rates. But for these high-priced homes, we doubt buyers are sweating their ability to qualify for a mortgage. As for the homes, take […]
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