Luxury Home Sales Surge as General Market Stalls
High-end buyers using cash dominate a fractured real estate market, leaving aspiring homeowners behind.
- Luxury homes over $1 million are the only segment seeing increased sales.
- High mortgage rates hinder entry-level buyers who rely on financing.
- Wealthy buyers leverage cash and stock market gains to purchase homes.
- Builders struggle to create affordable housing amid rising costs.
- The economic divide in real estate mirrors broader financial inequalities.
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