Luxury Homes Spur Bidding Wars In L.A. As Market Rebounds-Bloomberg

Here is some further evidence that the real estate market is coming back as high end houses are seeing increasingly robust demand from buyers. ¬†While the high end of the market is more insulated from the pricing pressures such as short sales and foreclosures that are plaguing the main stream market, it is important to see the shift in sentiment from negative to positive. ¬†With interest rates this low a buyer really doesn’t need to get in precisely at the bottom for a home purchase to turn out to be a good investment.

http://www.bloomberg.com/news/2012-05-17/luxury-homes-spur-bidding-wars-in-l-a-as-market-rebounds.html

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