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merica's Top 10 Real Estate News
Baby boomers continue to dominate the US housing market, making up 42% of home buyers in the past year, compared to just 29% for millennials. Meanwhile, nearly half of buyers over 60 were able to use cash for their purchases.
US home prices saw significant gains in most metro markets during the first quarter of 2025, with the Northeast performing best. However, the Southern US lagged behind, experiencing declining sales and minimal price appreciation.
Quincy Jones' former LA mansion is on the market for $59.99 million. The 25,000-square-foot estate features a domed living room ceiling, wine cellar, screening room, and five bedrooms.
A Naples, Florida waterfront estate has sold for $225 million, setting a record price for the state and the second-highest in US history. The property was listed for $195 million in 1994 and spans 15 acres.
After nearly a year on the market without a buyer, Ben Affleck and Jennifer Lopez have lowered the price of their 38,000-square-foot marital home to $59.95 million.
Florida ranks #1 for economy and #2 for education according to 'U.S. News & World Report's' Best States list. Utah takes the top spot overall.
US home sales have slowed to a near six-year low, with experts attributing the decline to high mortgage interest rates, tariff fears, and economic uncertainty.
New Yorkers moved to Florida in large numbers between 2018 and 2022, taking nearly $14 billion in income with them. Approximately 125,000 New Yorkers relocated to Florida during this time period.
Donald Trump's childhood home in Queens has been sold for a significant loss after being vacant for some time. The Tudor-style mansion was purchased by an investment group eight years ago for $2.1 million and recently sold for $835,000.
Mark Wahlberg's former Beverly Hills mansion is back on the market for $68 million, with features including 20 bathrooms, a five-hole golf course, and a glass gym.
