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Luxury Home Sellers Stick to Prices as High-End Listings Go Down in the U.S.

As the supply of Luxury Homes have declined, more number of sellers are reluctant to cut down home prices. Luxury homes remain listed on the market unclaimed for an average of 248 days throughout the country. Prices of these houses will not be lowered until supply meets the rising demand adequately.

Home Prices Rise as New Sellers Join the Housing Market in UK

In a recent survey by real estate listing agency,Rightmove, it was revealed that home prices in the first weeks of January rose significantly with more number of new sellers joining the real estate trading league. The housing market is set to recover after year-long stagnancy.

Alicia Keys Slashes Crosby Street Penthouse Price by $2.95 Million

The "Doesn't mean Anything" singer, Alicia Keys has reportedly price chopped her 30 Crosby Street Penthouse by $2.95 million. Keys and husband Swiss Beatz purchased the home in 2010 for $12 million and listed it on the market with an initial asking price of $17.95 million. However, the penthouse is now listed for for $15 million.
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