Million-Dollar Homes Are No Longer Luxury | Washington DC News

Washington DC News Today | 2 Min News | The Daily News Now! · Aug 7, 2026 · 1m

The million-dollar home is no longer luxury—it’s the entry ticket in LA’s overheated market, with first-time buyers now eyeing $2.5M to $3M just to get in. Sellers cling to pre-low-rate prices while buyers wait for deals that may never come, fueling a K-shaped economy where wealthier buyers dominate luxury sales and struggling lower-income buyers face mounting barriers. The housing market is splitting wide open, revealing a widening chasm between haves and have-nots—and the price tag of “luxury” is changing faster than anyone expected. Thank you to our sponsor Garrett Waller Performance…