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Million Dollars No Longer Enough | Mesa News
A million bucks? In today’s real estate market, it’s barely enough to get your foot in the door—especially in hotspots like LA, where entry-level homes now start at $2.5M or even $3M. Sellers cling to pre-pandemic prices while buyers wait for deals that don’t exist, creating a tense standoff. This isn’t just about housing—it’s deepening an economic divide, fueling a “K-shaped” recovery where the wealthy thrive and first-time buyers struggle. Luxury is redefining itself globally, with high-end sales booming but starter home demand slowing. The market is splitting into two lanes—and it’s time…
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