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
Romance scams rank number one on total reported losses
Posted by Don | Filed under Southward Group News
People looking for romance are hoping to be swept off their feet, not caught up in a scam. But tens of thousands of reports in Consumer Sentinel show that a scam is what many people find. In 2018, Sentinel had more than 21,000 reports about romance scams, and people reported losing a total of $143 million – that’s more than any other consumer fraud type identified in Sentinel.