Luxury homes sales plummet 18% as houting market cools

Luxury homes sales dropped 17.8 percent on an annual basis during the three months ending April 30,
making the largest decline in Luxury sales since the start of the pandemic. In contract, Non-Luxury sales fell 5.4 percent in the same period.

The next biggest declines in Luxury home sales fell in all but one of the top 50 metro areas, with the biggest drop in sales seen in Nassau County, New York, where luxury sales were down 45.3 percent year over year.

1. National Trans - Savings down Gas Price
2. Wealth and spending - Inflation
3. Job Market - Stock Market Recession
4. Housing Market - Interest Rates
5. On the Horizon - Inflation/Recession Elections

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