Luxury Home Market

Luxury Markets Heat Up Across the US

Last month Lawrence Yun, the chief economist for the National Association of REALTORS®, delivered his state of the union address to the members of the association at the annual meeting in Anaheim, CA.  During the presentation Yun shared the myriad of data that he uses to analyze the housing market across the US. After more than thirty slides of charts and graphs depicting various trends and aspects of the market, Yun summarized by stating that current record low interest rates in conjunction with the very high affordability of residential property has created a once-in-a-generation opportunity to buy property throughout the real estate spectrum.
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