Jan. 7, 2026 — Sotheby’s International Realty released its 2026 Luxury Outlook, arguing luxury residences will lead the year’s real-estate market. It points to a $6T generational wealth transfer in 2025, a 44% surge in foreign-buyer activity, and a higher U.S. “luxury” starting point near $1.3M. The report says inventory is back near pre-pandemic norms, $1M+ supply is at its highest since 2020, all-cash deals stay common, and buyers increasingly want security features and wellness amenities