Global sales of super-prime homes--properties valued at $10 million and above--continued their upward momentum in the second quarter of 2025, according to international property consultancy Knight Frank.
Miami tops investment banker UBS's latest Global Real Estate Bubble Index, marking it as the world's riskiest urban housing market. Tokyo and Zurich follow closely, while Los Angeles, Dubai, Amsterdam, and Geneva are also flagged for elevated bubble risk, according to the Swiss bank's annual report.
California home sales in August 2025 edged higher, supported by stabilizing prices and a modest decline in mortgage rates, according to the California Association of Realtors.
Home flippers in the U.S. are seeing profits evaporate to levels not seen since the financial crisis, as surging acquisition costs squeeze margins even in traditionally hot markets.
Posted on July 30, 2025
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