alt Hacker NewsTalked to a real estate agent recently and she mentioned a similar trend in the bay area.
"Luxury homes", $3M+, are hot right now with prices risings. Whereas lower cost non-luxury homes are seeing less growth. It's a weird world.
Replies
blackjack_ • yesterday at 7:37 PM
Things are visibly cooling up here in Marin, houses are actually sitting on the market (even just at the end of last year houses were generally scheduling offer dates and picking the best one). Some of this is just seasonal cooling, so I'm wary to draw any larger conclusions... but I'm seeing a lot lot more `for sale` signs than I'm used to.
jandrese • yesterday at 8:56 PM
More evidence of the hollowing out of the middle class.
K shaped economy I guess? More and more spending is driven by the top, so maybe housing that aims to capture that still sells fast but more normal housing struggles