Wednesday, January 7, 2009

It's a Buyer's Market for Luxury Homes

The Institute for Luxury Home Market compiles data on the market for luxury homes. The data can be found in the ILHM National Luxury Market Report.

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.

It's time to look for that luxury home in Vail or Aspen, the report indicates it's a cold buyer's market.

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