move-up buyers
Here’s a Nice Summer Diversion: Take a Tour of McMansions That Won’t Sell
Now that summer’s getting into full swing, it’s time to slow down and take a few moments to daydream and compile wish lists. In that spirit, Time offers a gallery of McMansions across the country that just won’t sell, despite prices that have been drastically slashed. All this is part of a bigger problem in [...]
Even the Rich and Powerful Can’t Sell Their Homes
One aspect of the housing market that seems to be holding true is that no one is left untouched by its decline, and that includes the rich and powerful. First came word last week that even Treasury Secretary Timothy Geithner can’t find a buyer for his $1.6 million tudor in Westchester, New York, despite cutting [...]
The Housing Market’s Troubling Lack of Move-Up Buyers
As Ryan pointed out, the new figures on March home sales weren’t great — but they weren’t entirely awful, either. A small but growing number of metropolitan areas could be seeing a bottom to the housing market crash.
While that’s encouraging, one trend that Calculated Risk has been writing about for a while now doesn’t seem [...]
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