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Has homeownership become a luxury good?

Homeownership is the top means by which the typical American accumulates and builds wealth, and that has never been truer than today. Homeowners are the winners in today’s housing market, experiencing large gains in home equity across the board. These gains allow homeowners to make all-cash purchases on their next homes, remodel or sit on their wealth. While the stock market is for Wall Street, real...

Zillow expects calmer 2026 housing market, improved affordability

Zillow says the housing market is on track for a steadier 2026, with modest price growth, slightly higher sales and mortgage rates that remain above 6%. The forecast follows what analysts describe as a year of small but meaningful gains for homebuyers — including improved affordability and more buyer-friendly conditions in nearly 20 major metro areas. “The housing market is finally settling into...

American Eagle CEO lists trophy $33.9M penthouse in Key Biscayne

When one of America’s most influential retail titans decides to part with his personal residence, the result is rarely subtle. That’s exactly the case in Key Biscayne, where American Eagle CEO Jay Schottenstein has brought his ultra-private, statement-making penthouse to market for $33.9 million with Julian Johnston and Jonathan Lifschutz of The Corcoran Group. Floating high above the shoreline,...

Global Luxury Home Price Growth Cools to 2-Year Low in September

Global prime residential prices rose 2.5% over the 12 months ending September 2025, marking a continuation of a two-year slowdown in luxury housing growth, according to Knight Frank. The deceleration reflects broader macroeconomic pressures, including elevated interest rates and a slowdown in the pace of rate cuts. In September 2024, 43% of 37 sampled central banks had trimmed rates, but by April 2025 that...

Redfin defends climate risk transparency after Zillow removes data

While Zillow made waves earlier this week after removing climate risk data, which was supplied by First Street Technologies, from its listings, Redfin has taken a different approach. In a post on LinkedIn, Redfin’s chief economist Daryl Fairweather wrote that her firm had made the choice to continue displaying the data “because homebuyers find climate risk scores valuable when making one of the most...

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