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Luxury home prices are falling nationwide—except in Florida, where billionaires like Jeff Bezos and Ken Griffin have spent hundreds of millions
Luxury home prices across the U.S. have fallen year over year for 31 straight months, according to a report by Realtor.com published Monday.
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Luxury home prices in the United States have declined year over year for 31 consecutive months, according to a Realtor.com report released Monday. Florida stands out as an exception, where prices remain buoyant because new wealth is flowing into the state and the supply of homes is limited. The state attracted a net $137 billion in income from other states between 2019 and 2023, and recent migrations of billionaires from California and Washington—prompted by proposed wealth taxes—have further bolstered demand.
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