The Housing Market Is Slumping—but Sales Over $10 Million Are Skyrocketing

The Wall Street Journal, Jan. 29, 2026-Katherine Clarke
In 2025, the U.S. housing market continued to be mired in a slump, with sales volume stuck at its lowest point in decades and affordability bayout of reach for many buyers. But at the ultra high-end of the market, a very different narrative unfolded: Ultraluxury real-estate sales, which have boomed in much of the country for the last few years, got even stronger.
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