Luxury Properties Heating Up

by Rob Wicker

The US housing market is moving in two different directions.The Associated Press reports that prices of homes over $1 million have risen o.7 percent since February. Homes valued under $1 million have fallen by an average of 1.5 percent.

According to real estate econominst Stan Humphries, luxury is the best performing segment of the housing market.

If you target the luxury market, keep in mind that affluent homeowners love to see their homes in a glossy magazine. (Like Homes & Land.)

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