High-end homes selling briskly

Posted by Bonnie Martin Designated Broker on Tuesday, November 27th, 2012 at 6:48am.


usatoday.com - Though housing inventory is down across the country, high-end homes are seeing a resurgence in many markets.

Part of the reason: Owners have decided to accept less than they originally wanted for their properties, Vice President Daren Blomquist of RealtyTrac said earlier this year.

And mortgage rates have been favorable: Last week the average rate on a 30-year loan dipped to the lowest since records were kept starting in 1971; jumbo loan rates also are following the trend.

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