Friday, October 15, 2010

First Post

Greetings and welcome to our blog on the luxury home market.  I am doing this to give a balanced perspective on current market conditions in Paradise Valley and Scottsdale.  I say 'balanced' because the template for the news outlets appears to be one sided on the negative side.  A few years ago, the opposite was true.  As the market rocketed forward, no one who preached caution was given the time of day.  Now that the market has corrected (and continues to do so), stories emphasizing the negative abound and although there are has been positive signs over the past year, they have been generally ignored. 

Stats released by the government and local Universities lump everything together and distortions due to a lack of higher end sales can occur.  I will be posting statistics as well as utilizing a market conditions analysis designed by FNMA to hone in on the luxury market in particular. 

Thanks for reading, and welcome to my blog.

Chris

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