Tough times on luxury lane: How Atherton’s double-digit home price drop compares to other affluent neighborhoods

//Tough times on luxury lane: How Atherton’s double-digit home price drop compares to other affluent neighborhoods

Tough times on luxury lane: How Atherton’s double-digit home price drop compares to other affluent neighborhoods

The U.S. housing market rebounded in August with a surge in existing home sales and building permits to add new inventory. Too bad the acceleration stopped just short of America's wealthiest neighborhoods. A Business Journals analysis of nearly 16,000 U.S. housing markets highlighted value increases across a broad swath of the country, with some 80% of ZIP codes seeing year-over-year appreciation through the end of August. The uptick followed a disappointing spring that dragged through July as buyer…

Article by [author-name] (c) Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com - Read full story here.

By | 2019-10-22T14:11:15+00:00 October 22nd, 2019|Economics|

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