Luxury home sales plunge 45%, with Miami and the Hamptons hit hardest

Econ & Housing

Homes at Rivo Alto Island in Miami Beach, Florida, US, on Wednesday, Feb. 1, 2023.Eva Marie Uzcategui | Bloomberg | Getty ImagesThe U.S. housing market is taking a hard hit from higher mortgage rates, and luxury home sales are seeing the worst of it.Sales of luxury homes dropped 45% during the three months ended Jan….

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