Rapid Sales Of Luxury Homes Suggest Uneven Economic Recovery, As Affluent Take Advantage Of Remote Working, Low Interest Rates To Buy Dream Properties

Forbes, Apr. 22, 2021–Palash Ghosh
Adam DeSanctis, director of public affairs at Mortgage Bankers Association told Forbes that many higher-income households “have been unaffected by the pandemic-induced job losses seen in other parts of the labor market – and with vacation travel on the backburner, many are using their savings to renovate or buy a larger home to meet their needs.”