More Americans say now is a bad time to buy a home
Posted by Don | Filed under Marketplace News
After a strong summer in the housing market, something is turning potential buyers on their heels. Just 21% of Americans say now is a good time to buy a home, a drop from 28% in September, according to a monthly sentiment survey by Fannie Mae.
Note : Diana Olick CNBC
Real estate sales sink as foreign buyers shy away.
Posted by Don | Filed under Marketplace News
Luxury real estate has seen a dramatic downturn this year, with prices plunging to recession-era levels in some markets.
Note : By Erik Sherman
The Luxury Market: Glut of Megamansions will affect your pricing.
Posted by Don | Filed under Marketplace News
Los Angeles has too many megamansions and not enough buyers, reported Katherine Clarke for The Wall Street Journal.
Real-estate agents and developers are turning to themed parties, gimmicky amenities, and $100 million price cuts to get the megamansions off the market.
From LA to NYC, gimmicks and price cuts are being used in big cities nationwide, signaling a slow luxury real estate market.
Note : courtesy of Hillary Hoffower