Spanish Property Insight › Forums › Spanish Property Forums › Spanish Real Estate Chatter › Luxury Homes Also Falling in Spain, U.S., and U.K. › Re: Top End bottoms out in US
Absolutely right — I’m not a realtor but as an attorney here in the US I am watching my clients trying to sell their homes pursuant to divorce, and the higher priced the home, the slower it is to sell. One client initially listed last summer at $699,000, a really gorgeous view home, and had to settle this spring for about $525,000. Other clients simply can’t get rid of their homes, and those too are higher end. On the other hand, the modest homes in city limits here are doing OK. So from what I see here, the “top end does great” theory is kaput. So much for grasping for the brass ring!