The high-end luxury home market has been weakening for a while, and the fourth quarter saw further declines. Will the slump continue into 2017?
That’s the question many are asking as the Donald Trump presidency adds some uncertainty to the situation, along with rising interest rates. In places like Miami will foreign buyers stay away given the uncertainty with respect to immigration? There’s certainly a slump in the high end of the market in South Florida.
If you’ve been looking into the market and the risk factors don’t bother you, this may be a time to start looking. The question is whether some event might sink the market even further.