Luxury Home Sales Surge, Highlighting U.S. Housing Wealth Gap

Bloomberg, Oct. 14, 2020–Prashant Gopal
High-end sales jumped 42% in the third quarter from a year earlier, according to a report from brokerage Redfin. That’s the largest jump dating back to 2013. Sales of mid-priced homes climbed just 3%, while affordable purchases declined 4%.