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The Wall Street Journal

The Luxurious Residence Market Posts Its Largest Decline in a Decade. ‘It’s Like Crickets.’

When Nancy Lam upgraded in January to a house nearer to her baby’s faculty within the San Francisco Bay Space, she thought she had loads of time to listing her previous home, a five-bedroom fashionable house within the sought-after suburb of Lafayette. 

In any case, the pandemic had despatched the luxurious housing market hovering, and houses throughout the nation had been seeing aggressive bidding wars and promoting for sky-high costs. Ms. Lam, a enterprise professor, and her husband, who works in healthcare and declined to be named, took their time sprucing up the home in a bid to get the very best worth for the house, which they’d purchased for $1.67 million in 2014.

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