Hot Real Estate Market Helping Luxury Homes Sell at a Rapid Pace

USA Today, June 1, 2021–Swapna Venugopal Ramaswamy
The luxury segment of the real estate landscape has seen listings increase and homes sell at a rapid clip. The demand is so great that even “white elephants”–high-end homes that sat on the market for months before the pandemic began–are selling quickly as their owners willingly splurge on remodeling projects to spruce them up. The motivation is the hot market for premium properties and an urge to make shabbier ones more alluring for buyers.