Anti-development LA and SF are pushing ultra-luxury home buyers spending $10M and up to unlikely new hotspots
Business
A banner year for top-end luxury US real estate in 2025 saw many of the wealthiest buyers turn their attentions from traditional, regulation-choked enclaves in Los Angeles and San Francisco — and towards more supply-rich metros elsewhere in the country. As the broader housing market struggled, home sales priced at $10 million or more boomed nationwide, totaling $38.6 billion last year, according to Compass’s newly released 2025 Ultra-Luxury Report. Out of 84 markets across the the country, the
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