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Preview of things to come?

29 Aug

“I’ve never seen anything like this before” says longtime Aspen broker Bob Ritchie. “Aspen has never experienced such a sudden and precipitous drop in real estate sales.” Meanwhile, sales in the Hamptons and Miami’s luxury condo markets, are in freefall, as the bid for luxury real estate across the US has slammed shut.”

Source: “I’ve Never Seen Anything Like This Before” – The Housing Markets In The Hamptons, Aspen And Miami Are All Crashing

 
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Posted in Business cycle, Economy, Housing market, Interest rates

 

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