Saturday, May 31, 2014

[NJFAC] Housing market: high-end up; rest down

2014 Luxury Report: Sales of Priciest 1% of Homes Climb While Rest of Home Sales Still Down

by | May 27, 2014

Neighborhoods in Los Angeles, Orange County and San Francisco Dominate the Top 20 List of Most Expensive Homes

Home sales so far this year are lower than they were in 2013, but there's one sliver of the housing market that's going strong: the very top of it. Sales of the priciest 1 percent of homes are up 21.1 percent so far this year, following a gain of 35.7 percent in 2013.  Meanwhile, in the other 99 percent of the market, home sales have fallen 7.6 percent in 2014.

Growth in the Number of Homes Sold in the top 1%


Thanks to Jared Bernstein's blog: Inequality and the Housing Market
See also his The Current Economy: Green Shoots or Brown Ones?

National Jobs for All Coalition

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