Which Is Supporting News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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SEATTLE, April 21, 2021 /PRNewswire/  (NASDAQ: RDFN) Sales of luxury homes in the U.S. rose 41.6% year over year in the first quarter of 2021, far outpacing sales growth in every other segment of the housing market, according to a new
redfin.com), the technology-powered real estate brokerage. By comparison, sales of affordable homes increased 7% and sales of mid-priced homes climbed 5.9%.
This is according to a Redfin analysis that divided all U.S. residential properties into five price tiers luxury, expensive, mid-priced, affordable and most affordable based on Redfin Estimates of the homes market values.
Sales growth has historically been similar across price tiers, but has diverged as the coronavirus pandemic has exacerbated economic inequality. Affluent Americans with the flexibility to work from anywhere are taking advantage of low mortgage rates and buying up high-end houses particularly in popular vacation dest ....

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