California’s hottest luxury homes are getting cheaper. But why?
- Posted on August 3, 2026
- By The Times of India
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- 1 min read
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California’s hottest luxury homes are getting cheaper. But why?
For years, Palm Springs symbolised California's red-hot luxury housing boom, with affluent buyers snapping up second homes and vacation properties at record prices. That frenzy, fuelled by pandemic-era remote work and ultra-low mortgage rates is now fading.
