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Luxury News
"Zoom Towns" Boom
Coined by NPR, "Zoom Towns" are described as "housing markets that are booming as remote work takes off." Forbes reports that some two million renter households may now be in the market for home ownership because they are able to telecommute.
"Revenge Buying" Post Pandemic
Being seen across Asia & Europe, "revenge buying" is splurge spending by wealthy consumers following a period of being unable to shop. Luxury brands across Asia & Europe have seen soaring and even record sales as boutiques and shopping centers reopen, according to CNBC.
Housing Equity Rises In Second Quarter
According to a new report by CoreLogic, U.S. homeowners with mortgages witnessed a 6.6% year-over-year increase in their home equity in the second quarter of 2020, representing a cumulative gain of $620 billion for the nation.
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