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Global luxury housing markets move toward equilibrium in 2026

Luxury housing markets across the globe are moving toward a healthier equilibrium after years of heightened buyer demand, tight inventory and disconnected pricing expectations, according to the Christie’s International Real Estate Global Luxury Perspectives report published on Monday.  The report states that global luxury markets are becoming more balanced due to stabilizing pricing expectations, resilient…

Mortgage demand plummets 11% as 30-year fixed rate rises to 6.3%

Mortgage applications decreased 10.9% from one week earlier, according to the Mortgage Bankers Association (MBA)’s weekly mortgage applications survey for the week ending March 13. On an unadjusted basis, the index decreased 10% compared with the previous week. “Mortgage rates continued to move higher, driven by increasing Treasury yields as the conflict in the Middle…