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Luxury Home Growth Outpaces Typical Home Appreciation

Luxury Home Growth Outpaces Typical Home Appreciation

by Phil Hall | Jul 31, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Luxury home value growth has outpaced appreciation on typical homes for the fifth consecutive month, according to a new data analysis from Zillow (NASDAQ:Z, ZG). The typical luxury home – which Zillow defines as the most valuable 5% of homes in a specific market – is...
The New Normal: Million-Dollar Starter Homes

The New Normal: Million-Dollar Starter Homes

by Phil Hall | Jul 25, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

First-time homebuyers in 237 cities are finding the typical starter home is priced at $1 million or higher, according to new data from Zillow (NASDAQ:Z, ZG). Five years ago in the pre-pandemic housing market, only 84 cities offered $1 million starter homes....
Chris Pratt Slashes Price on Pacific Palisades Estate

Chris Pratt Slashes Price on Pacific Palisades Estate

by Phil Hall | Jun 13, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Actor Chris Pratt’s efforts to sell his Pacific Palisades estate have been less than stellar, resulting in a roughly $6.5 million reduction on its listing. Realtor.com reported the “Guardians of the Galaxy” star cut his original asking price of $32 million to $25.49...
Sean Hannity Sells Long Island Estate at Discounted Price

Sean Hannity Sells Long Island Estate at Discounted Price

by Phil Hall | Jun 11, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Long Island estate of Sean Hannity sold for $12.7 million, down from the $13.75 million sought by the Fox News star when it was listed last month. The Wall Street Journal reported the property was acquired by a fan of the political commentator, who has relocated...
Hedge Fund Executive Lists Private Connecticut Island for $35 Million

Hedge Fund Executive Lists Private Connecticut Island for $35 Million

by Phil Hall | Jun 3, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An executive with the world’s largest hedge fund has listed his private island off the Connecticut coast for $35 million. The Wall Street Journal reported Greg Jensen, co-chief investment officer at the Ray Dalio-founded Bridgewater Associates, is seeking a buyer for...
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