Luxury Home Market Showing Signs of Stress

The Financial Times reports that while the highest end of the luxury home market is still well-insulated from financial hardship, the lower end—homes priced at $10 million or less—is beginning to suffer the same symptoms of decline that the rest of the housing market has been laboring under for months. Even in long-standing affluent communities like the Hamptons; Jackson Hole, Wyo.; and Lake Tahoe, Nev., home sales are sliding. Read the Financial Times article here: www.ft.com/cms/s/0/01ca6168-ef0b-11dc-97ec-0000779fd2ac,dwp_uuid=ebe33f66-57aa-11dc-8c65-0000779fd2ac.html.