Palm Springs' luxury housing market is cooling after a pandemic-era boom, with home prices falling, properties taking longer to sell, and significant price cuts observed on upscale homes. The market, once fueled by low mortgage rates and remote work, now shows signs of balance with increased inventory.
Michigan landowner Susan Miller sued Toll Brothers and other developers in Washtenaw County, alleging ignored property rights, altered water flow, and improper recording of easement changes for a 107-luxury home project with wastewater plants near her 19 acres.
Michigan landowner Susan Miller sued homebuilder Toll Brothers and others in Washtenaw County, alleging ignored property rights, altered water flow, and improper termination of her land access for a 107-luxury home development near her 19-acre property.
Billionaire Bill Koch's 52-acre Aspen estate, Elk Mountain Lodge, sold for $33.515 million at auction after nearly two years on the market. Originally listed at $125 million, the sale reflects a significant price reduction and shifts in the ultra-luxury housing market.
Ukraine's anti-corruption court ordered the detention of Yermak, accused of money laundering, with bail set at $3.1 million. The scandal adds political pressure on Zelensky amidst ongoing corruption allegations and battlefield challenges.
Hyderabad leads South India's ultra-luxury housing market with Rs 8,562 crore in transactions for homes over Rs 10 crore in FY'26. Bengaluru shows rapid unit sales growth, while Chennai remains a niche market. Hyderabad offers more space per investment.
Prague recorded the strongest prime property price growth in Europe at 14.6% in 2025, according to Knight Frank's Wealth Report 2026. Alpine ski resorts and Mediterranean destinations dominated the top rankings, with French Méribel (9%), Portuguese Porto (8.5%) and Spanish Marbella (8.1%) posting strong gains. London saw the steepest decline in Europe at 4.7%, while Tokyo emerged as the global outlier with a 58.5% surge. The report notes that wealth creation is supporting luxury property demand despite broader economic pressures.
Nantucket, Massachusetts, leads Realtor.com's list of luxury housing markets, with nearly all active listings priced above $1 million and a median of $4.08 million. The report identifies 13 markets characterized by scarcity, including Martha's Vineyard and Jackson Hole, Wyoming.
