From HW Magazine
Prime status: an update on luxury residential real estate
Slowly and steadily growing, luxury real estate is catching up to the rest of the housing economy
In the years leading up to the housing bubble of 2007, it seemed like everyone was getting a piece of the American Dream of homeownership (or maybe even second homeownership). Ten years after the Great Recession, how is luxury residential real estate faring? Was the recent market slowdown just a temporary blip on the radar and will the sector continue to draw the aspirational interest of buyers as it did in the early to mid-2000s?