The median list price in Newport Beach is $2,199,000.Inventory and days-on-market are both trending higher recently. However, the improving Market Action Index implies some increased demand will temper the negative trends. PriceThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. Read More

Luxury Portfolio members across North America are reporting a steady increase of activity in their respective markets, specifically in regards to second home purchases, while the economy continues to strengthen. As high-end buyers, poised to strike as the market heats up, begin to unleash the pent up liquidity it’s become apparent that the luxury market Read More

Many rank-and-file homebuyers are discovering the financial benefits of purchasing distressed properties. For various reasons, foreclosed homes typically sell for just a fraction of the cost of non-distressed properties. While many are in poor shape, others demand just a few basic repairs. To avoid committing to a project that you can’t afford, keep these things Read More

Market analysts remain confident in homebuilders, with luxury builders expected to lead as rising interest rates freeze out entry-level buyers, analysts say. Sterne Agee analyst Jay McCanless believes investors should be looking to move-up and luxury homebuilders since households operating on modest incomes are generally the first to bail on housing when mortgage rates rise. Read More