Luxury Connect
Meet the Luxury Leaders | October 19-20 | Beverly Hills

Growth in home sales appears to be driven by the willingness of sellers to lower their prices rather than a broad-based increase in demand and buyer confidence, according to an analysis by real estate data and analytics firm Radar Logic Inc.In "Housing is a Buyer's Market," the company analyzes price and sales trends in the nation's 25 largest metro areas.Sales of nondistressed properties increased last year, but that increase was accompanied by a decline in prices -- lowering the price spread between distressed and nondistressed sales, the report said. "Insofar as sellers are willing to accept lower offers, housing is currently a buyer's market," the report said. "Unfortunately, difficulty in accessing financing and concerns over inventory are preventing buyers fr...