“The affluent are revaluating where to invest. Many are putting their money into residential real estate. My best guess is that the luxury housing market will lead the housing recovery. Markets will have to work through existing inventory including luxury short sales and foreclosures, so the rate of recovery will vary across metro areas, but look for the number of high end home sales to rise slightly in 2011, even though prices will remain generally depressed. This assumes that we don’t have another economic meltdown. Real recovery may be a couple of years ahead,”.
Laurie Moore-Moore (really is a hyphen is necessary? #imjustsaying)