May 30th, 2018

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First-time home buyers aren't the only ones facing inventory issues: consumers looking for luxury homes are also having a tough time. Q1 saw a 20.4% drop in luxury homes for sale compared to Q1 of 2017, while prices have increase by 8% within that same timeframe. Whereas this inventory shortage is not as rough as it is for first-timers, it is causing some heat in the marketplace.