Shifts ahead in the luxury market?
“The Bay Area’s luxury home market is signaling a slowdown ahead even as prices late last year were still showing year-over-year double-digit increases. First Republic Bank’s Home Prestige Index released Monday found that luxury home prices in the Bay Area and other key California markets are near records amid tight supplies of homes selling for $1 million and often more. But it’s the commentary from real estate agents that set off alarms for careful followers of the luxury housing market,” reports The San Francisco Business Times.
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