“Million dollar listing” doesn’t mean what it used to

TRD New York /
Jan.January 12, 2018 01:41 PM

There are four times as many homes worth $1 million today as there were in 2002, according to new data from real estate site Trulia. Across the top 100 U.S. metropolitan areas, roughly 4.3 percent of homes are now million dollar properties, Trulia found. But a million dollars doesn’t denote “luxury” like it had before: in many places — New York and San Francisco among them — seven figure home values are closer to the middle of the market than the high end. [CBS News]


Related Article

arrow_forward_ios
Steve Croman and 566 Hudson Street (Credit: Google Maps, iStock)

Steve Croman sued over illegally deregulating apartments

Census tract 135 and Stellar Management's Larry Gluck (Credit: Getty Images and Stellar Management)

How a small stretch of land on the Far West Side became an Opportunity Zone

Crowdfunding platform launches $20M Opportunity Zone fund

StreetEasy Expert program rolls out with a new fee structure (Credit: iStock, StreetEasy)

Agents using StreetEasy’s “Expert” program should expect higher fees

Adam Neumann wants to live forever – that and more zany news about WeWork’s CEO

Fed cuts rates, signaling caution ahead for real estate investors

An up close with Adam Neumann, Tom Barrack’s buyers remorse: Daily digest

297 West 12th Street and Steve Croman (Credit: Google Maps and Getty Images)

Croman backed out of deal over rent-control concerns: lawsuit

arrow_forward_ios