Today, Newsweek published an article titled, "What Housing Crisis?" that looks at the current state of the luxury market. Among other things, they highlight:
- Rising prices at the upper end
- The growth of the rich
- The limited supply of trophy properties
- The growing presence of international buyers
In the process I am happy to say that they reference The Institute and quote Laurie twice.
Just more evidence that the luxury market is the good news story in real estate right now.
