Upper End

The Luxury Market Is Not Coming Back … IT IS BACK!

September 20, 2010

The real estate market has been going through some challenging times this year. The National Realtors Association’s (NAR) last Existing Homes Sales Report showed that sales were down 25.5% from the same time last year. Media headlines screamed that the housing market was screeching to a halt the following day. There is a segment of [...]

Read the full article →

News Alert! The Luxury Market Has Returned

June 4, 2010

There is no longer any question that luxury homes are beginning to sell. The high-net-worth client has marked 2010 as the year to again start purchasing real estate and their desire is turning into sales. Financing is beginning to open up in the ‘jumbo’ market and prices are starting to reflect true values as upper [...]

Read the full article →

The Upper End: Win, Place, or Show?

April 27, 2010

In this horserace to a more normalized housing market, there seemed to be only one constant. The luxury market has been the horse bringing up the rear. We have been experiencing some stability in the lower price points in almost every geographic market. However, the upper tier price points have had an overabundance of inventory [...]

Read the full article →

What is Today’s Luxury Buyer Thinking?

March 9, 2010

Whenever you are selling anything, it helps to have an idea what your customer is thinking. I had the opportunity to attend a session at the Luxury Portfolio Summit in Las Vegas which covered the findings of the Survey of Affluence and Wealth in America 2010 produced by American Express Publishing and the Harrison Group. [...]

Read the full article →

Upper End Foreclosures Stacking Up

February 12, 2010

Last month I posted Are Foreclosures Coming to the Luxury Market? Well apparently they are. In an article from Housing Wire, Fitch Ratings reported on jumbo mortgages (where the initial principal amount is above the $417,000 conventional loan limit set by Fannie Mae and Freddie Mac. In higher-priced markets the limit is $729,750): The new [...]

Read the full article →

Delinquencies: Roadblock to a Housing Recovery?

January 20, 2010

The current economy has devastated the finances of so many families in every income bracket and in almost every neighborhood in this country. More and more people are falling further and further behind in their mortgage payments. In the past people would take a second job or borrow money from family to catch up. Today, [...]

Read the full article →

← Previous Entries

Next Entries →