Industry News

Luxury prices hold despite slowdown

High-end homes taking longer to sell
Published on Aug 21, 2009

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by CareyBot

The stock market plunge and asset crash that hit last fall, along with stricter lending rules such as higher down payments for loans on luxury properties, are contributing to the drag on high-end sales.

And while high-cost markets are feeling a pinch in sales, luxury real estate values have generally held the line better than those of other real estate market segments, according to industry data.

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