Luxury real estate prices just hit an all-time record [MSNBC.com]
AvalonBay Communities, Inc. (AVB)
Last avalonbay communities, inc. earnings: 2/5 04:15 pm
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Source: MSNBC.com
In this articlewatch nowVIDEO1:2501:25Luxury real estate sees the biggest increase in three yearsSquawk on the StreetReal estatehigher ratesOverall real estate sales fell 4% nationwide in the first quarter, according toRedfin With mortgage rates now above 7% for a 30-year fixed loan, most homebuyers are finding prices out of reach. Affluent and wealthy buyers, however, are snapping up homes with cash, making them less vulnerable to high rates.Nearly half of all luxury homes, defined by Redfin as homes in the top 5% of their metro area by value, were bought with all cash in the quarter, according to Redfin. That is the highest share in at least a decade. In Manhattan, all-cash deals hit a record 68% of all sales, according to Miller Samuel.The flood of cash is also driving up prices at the top. n luxury-home prices soared nearly 9% in the quarter, roughly twice the increase seen in the broader market, according to Redfin. "People with the means to buy high-end homes are jumping in now
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AVB
News
- AvalonBay: Encouraging Rent Trends Make Shares Attractive [Seeking Alpha]Seeking Alpha
- AvalonBay Communities, Inc. (NYSE:AVB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at Argus from $188.00 to $212.00. They now have a "buy" rating on the stock.MarketBeat
- AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at Barclays PLC from $204.00 to $218.00. They now have an "overweight" rating on the stock.MarketBeat
- AvalonBay Communities, Inc. (NYSE: AVB) had its price target raised by analysts at Royal Bank of Canada from $191.00 to $196.00. They now have a "sector perform" rating on the stock.MarketBeat
AVB
Earnings
- 4/25/24 - Beat
AVB
Sec Filings
- 5/3/24 - Form DEFA14A
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 4
- AVB's page on the SEC website