The number of U.S. metropolitan areas where buyers can purchase a luxury home for less than $1 million has shrunk from 30 in 2020 to only seven today, according to a new Redfin report, as home prices ...

Sellers are locked into low rates. Construction costs are about 40% higher than before Covid, putting a damper on new construction. Buildable land is getting ever more scarce. These are just some of ...

Over the past 10 years, the definition of luxury real estate has shifted dramatically, with the once-lofty $1 million price tag no longer serving as the benchmark of high-end housing. In 2025, a ...

Luxury real estate sales increased more than 2%, posting their best year-over-year gains in three years, according to Redfin. The median price of luxury homes hit an all-time record of $1,225,000 ...

The idea of a luxury is different for everyone. While some may view it as extravagant goods and high-end services, others see it as occasional splurges, unique experiences and good health. But in real ...