FAR - News & Events - The new geography of luxury real estate
FAR - News & Events - The new geography of luxury real estate: "The new geography of luxury real estate
NEW YORK – April 10, 2007 – If you could spend a few million on a modest Manhattan condo and a cozy [read: tiny] Hamptons shack, or put the same amount toward a penthouse in Minneapolis and a lakeside mansion in nearby Wayzata, Minn., which would you choose?
People continue to sacrifice size and quality for location and salary. That’s why states such as New York and California still have the hottest markets for luxury homes. And the top addresses on Fifth Avenue and in Bel-Air just keep on rising in value despite the spreading malaise at the lower end of the housing food chain. But that doesn’t mean that luxury real estate isn’t continuing to appreciate in other areas as well."
posted by ErickaMyRealtor @ 12:56 PM
6 Comments:
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Idaho Real Estate
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