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1-in-20 Homes Now Valued Over $1M

Luxury mansion

“Real estate experts are predicting a large increase in the number of million-dollar homes across the country. The trend is being driven by an influx of wealthy buyers looking to invest in luxury properties and a steady rise in property values in certain areas,” said Jennifer Spinelli, founder and CEO of Niche Home Buyer.

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$5M: Budget for Homebuyers Looking for Luxury Homes

Rising home prices, especially in expensive metros mean that million-dollar homes are getting increasingly common. As a result, homebuyers looking at luxury living are now likely to shell out $5 million and above to get a taste of the high-life.

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