Is Luxury Housing the Silver Lining in a Stormy Market?
The days of kicking over a rock in your office parking lot and finding three buyers ready, willing, and able to write a full price offer on your new listing may be a distant memory but for many agents there is still a sliver lining to this stormy market. What is it? Surprisingly it is the luxury home market! “We have reports of hot spots coming in from across the country.” says Scot Spading, a partner in the Luxury Home Council – a group that provides the Accredited Luxury Home Specialist designation to agents across the country. “The fundamentals are still strong for affluent buyers. They have a strong economy, strong GDP growth, low unemployment, and a booming stock market.
