RECESSION PROOF REAL ESTATE MARKETS
WORDS BY CARL AGARD
WORDS BY CARL AGARD
excerpt from Moves Magazine Summer 2008
Everyday, you hear more bad news about the real estate market. Record highs in foreclosures throughout the country and depreciating values in many markets are causing many consumers to be concerned with the outlook of the housing segment. There are many factors ranging from the sub prime mortgage implosion, to the resulting credit crunch by lenders, to overheated housing markets correcting themselves. This housing “bubble” affected almost every aspect of real estate for the negative; however, there is one segment of real estate that continues to go strong….the ultra luxury high end market.
Everyday, you hear more bad news about the real estate market. Record highs in foreclosures throughout the country and depreciating values in many markets are causing many consumers to be concerned with the outlook of the housing segment. There are many factors ranging from the sub prime mortgage implosion, to the resulting credit crunch by lenders, to overheated housing markets correcting themselves. This housing “bubble” affected almost every aspect of real estate for the negative; however, there is one segment of real estate that continues to go strong….the ultra luxury high end market.
