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Luxury home sales have taken off since Donald Trump's re-election, and Palm Beach, Florida, home to his Mar-a-Lago resort, is at the center of the boom, Mansion Global reported Thursday
The Hamptons luxury market also performed well across both single-family homes and condos, according to Douglas Elliman's new signed contracts report
Even as transactions are going through for higher-priced condos and apartments, sales in the lower price tiers have been drying up
Nearly 4% fewer homes sold in March than did the month before, after accounting for seasonal factors. Prices rose by 6%, the largest monthly price increase since 2013
Sales of homes on the lowest end of the price spectrum increased 11.3 percent year over year in the fourth quarter, according to Redfin
July also marked the first time ever that the median home price across the entire U.S. rose above $300,000, according to NAR's data
Home values grew by 0.41% month over month in April, and in May that metric dropped to 0.35% — the largest one-month slowdown in more than a year
The Dow Jones dropped 13% Monday, wiping out all gains made under President Trump
Has 2016 turned into a year starved of home supply?
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Coldwell Banker releases a report finding the biggest gains in luxury markets
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