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A Slow Go For Luxury Homes

November 7, 2009

One variable that remains the same for all segments of the real estate market is that the loan market is the controlling variable.  The availability of loans and now the appraiser determines whether or not you will succeed at selling or buying a home right now.    OK..  There are a few other things that go into the home sales or purchase cycle but the biggest hurdle is the loan…

Altos Research just posted this article summing up the luxury home market sales and jumbo loans.  This article provides a very good illustration of why it’s a slow go for luxury home sellers right now.

Jumbo Mortgages and Housing Market Prices

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