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Luxury Home Sales in U.S. Continue to Rise (WSJ)

Study finds the number of homes priced above $600,000 grew in 37 out of the 43 counties analyzed

“While there has been some debate about softness in the luxury housing market, we continue to produce impressive results by serving what we believe is a demographic sweet spot in the luxury market,” Toll Brothers’ Chief Executive Douglas Yearley said on an earnings call, noting the company has an average sales price of about $690,000 in markets outside of California and New York. “Our product lines are affordable to many households in the U.S.”

Marc Supcoff