zillow: Luxury Home Market Coming to Life - 12/01/11 02:26 PM
Luxury Home Market Coming to LifeNationwide, the one segment that has shown signs of strength in 2011 is the luxury home market.  Even though some of the other price ranges are challenged by issues such as buyer mortgage qualification and lack of employment opportunities, the higher end market has to a great extent avoided those issues.
"Luxury is the best performing segment of the housing market right now," says Stan Humphries, chief economist of Zillow.
Prices of $1 million-plus properties have risen 0.7 percent since February, nationwide, according to Zillow.A rebound in Wall Street has helped fuel a thirst again for … (1 comments)