"How's the market?"
It's a question we get all the time. Of course with the headlines in the media today lots of folks think they know the answer. But do they? Do the headlines tell the whole story?
We're proud to announce the new ILHM Luxury Market Report.
(We'll be launching it officially this week at NAR).
The ILHM Luxury Market Report is a snapshot of the national luxury market. Like the Case-Shiller Composite Index and other national indices, it is a bundle of data from markets around the country that give a simplified view and try to get at the question of what’s happening in the marketplace.
Unlike virtually all of the other reports and indices out there the ILHM Luxury Market Report is focused exclusively on THE TOP OF THE MARKET. We know that markets are local. We also know that in a given place, at a given time, different price segments perform differently. Trophy homes at the top of the market might be in high demand and setting new price records, while in the same city starter homes might be stagnant and seeing major downward price pressures. Most major indices ignore this fact and lump all market segments together to get at some sense of overall market trends. We don’t.
In fact, we look at just the top of the market, so that you can see more clearly what is really happening in luxury markets around the country and the overall luxury trend at the national level.
The ILHM Luxury Market Report is the only real-time national report covering the luxury market.
The report is updated WEEKLY.
Lots more to follow on this!
