Tag Archives: Luxury Homes Fetching Multiple Bids

The housing recovery may be taking hold faster in luxury homes real estate. Several parts of the country are reporting bidding wars in wealthy pockets as buyers look to snag rising home prices and investors search for bargains. Property sales of $1 million and higher soared 7.2 percent in March compared to a year earlier, according to National Association of REALTORS®’ data. Paul Bishop, NAR’s vice president of research, told Bloomberg News that as the financial markets improve, demand for luxury homes is rising in the northeastern United States, such […]