I admit it, I’m surprised. Being that jumbo loans are one of the hardest properties to finance, I figured high-end homes would continue to drop for a long time.
In an interesting article in Business week, signs of high-end homes selling is giving hope for the high-end homes.
About 320 properties selling for more than $20 million are on the market across the U.S., according to a recent survey by Ultimate Homes. But in the year since the economic crisis began, sales of these ultra-pricey homes have all but stalled even as the bottom of the housing market is showing some life.
Here’s a LINK TO THE REST OF THE ARTICLE
Related posts:
Comments