Wednesday, December 3, 2014

Luxury Home Sales still Ascendant as Buyers Shift

Redfin, the large national real estate firm based in Seattle, is reporting that, while sales of homes costing over $1 million is still outpacing the rest of the market, the source of these sales is changing.  The company says that the luxury housing market, which was the first segment to recover after the housing crisis, continues strong, driven by a record high stock market, low interest rates and by foreign investors.

Read more...  http://www.mortgagenewsdaily.com/12032014_luxury_home_market.asp

Reuters: Financial Services and Real Estate

Voice of Housing

NuWire Investor: RealEstateInvestment

REC News Center

Archive

Recent Comments