Sales of Luxury Homes Soar as Low Rates, Stay-at-Home Shoppers Fuel Market

Sales of high-end homes climbed 41.5% year over year in the third quarter, according to online real estate broker Redfin (NASDAQ: RDFN), the largest year-over-year jump since at least 2013.

In a news release Monday, Redfin said that sales of luxury homes, defined as the top 5% of market values, as well as sales of second- and third-tier houses climbed year over year, while sales in the bottom two buckets fell by 4% each. The median sale price of a top-tier luxury home in the U.S. in the quarter was $862,700, up 6.5% year over year, while the median price of a house in the bottom tier was $90,000.

A for sale sign in front of a house.

Image source: Getty Images.

In a typical downturn, it is the luxury market that takes the biggest hit, but as Redfin chief economist Daryl Fairweather noted, “This isn’t a normal recession.” Changes in behavior driven by the coronavirus pandemic are

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Amazon Shoppers Are Making a Mad Dash to Grab These Record-Low Prime Day Prices on Apple AirPods

Amazon

Amazon’s Prime Day deals are here, and the best offers — including these impressive Apple markdowns — are going to sell out fast. 

Amazon launched not one, but three Apple AirPods deals as part of its huge Prime Day sale. While supplies last, shoppers can get the brand’s latest AirPods Pro for an all-time low of $199, which is 20 percent off their usual $249 price tag. Both the wired charging and wireless charging AirPods are also marked down and going for their lowest prices to date. 

Amazon Prime Day Apple AirPods Deals:

The AirPods Pro, launched last year, are the brand’s newest Bluetooth-enabled wireless earbuds. While all three feature fast pairing and come with portable charging cases, this newer version offers a sweat- and water-resistant design, three silicone tips for a more customizable fit, and two listening modes, including active noise cancellation.  

Budget-minded shoppers can still get all

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Autumn of heartbreak for home shoppers as Seattle-area prices hit new record highs

In a normal year, September would be when housing prices begin to level off.

But what about 2020 is normal?

Pulled up by unrelenting demand and an inventory drought, King County home prices hit a new all-time high of $753,600 in September, a 14% bump over last year, according to new data from the Northwest Multiple Listing Service.

Potential sellers are hunkering down, choosing to refinance rather than list, reducing the number of homes on the market in all of Western Washington to half as many as last year.

The market for homes priced less than $800,000 is especially intense, brokers said, as first-time homebuyers and former condo-dwellers look for more space as the pandemic drags into its eighth month.

For buyers seeking to compete at that price point, bidding wars, fleeting listings and all-cash offers are the norm. Typical for this market: The two-bedroom Wedgwood rambler that sold in

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Online shoppers await festive season sales for buying appliances, mobiles: Report



a hand holding a cellphone: Online shoppers await festive season sales for buying appliances, mobiles: Report


© Jocelyn Fernandes
Online shoppers await festive season sales for buying appliances, mobiles: Report

This festival season may turn out to be a money-spinner for e-commerce platforms selling appliances and mobiles.

According to Nielsen India, shoppers are waiting for the festive season sale for buying expensive appliances and mobiles from online platforms.

“The shoppers today are anticipating and holding back their purchases for sale periods. While some categories such as home appliances are seeing a pent-up demand in lieu of safety and personal home convenience,” said Kunal Gupta, Lead, Consumer Intelligence, South Asia, Nielsen Global Connect.

“We believe the festive season will see a big release of this pent-up demand with e-commerce players gearing up for the upcoming sale season,” he added.

During the COVID-induced lockdown, most customers preferred buying essentials on an online platform.

In the e-commerce space, major categories such as fashion witnessed a restrained recovery and there

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