Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.

0950 ET – U.S. luxury home sale prices rose 5.5% year-over-year to a median $1.28 million, a record high for October, according to Redfin. Luxury home prices are growing roughly three times faster than non-luxury prices, which rose 1.8% to a median of $373,249. Price growth at the high end outpaced the middle of the market again in October, a trend that has persisted for much of the past two years. Luxury buyers are still able to move forward in ways that many typical buyers can’t right now, Redfin says. Luxury home sales were up 2.9% year-over-year and non-luxury sales rose 0.7%. Affordability challenges have made it more difficult to sell homes priced under $800,000, but high-end properties are still moving, Redfin says. (chris.wack@wsj.com)