Ramesh Nyberg's Real Estate Blog

Today's Miami Herald front page featured an article about the increase in sales in the ultra-luxury market.

I said in this blog some months ago that the steady absorption of foreclosures would fuel buyer confidence, and eventually pave the way for other price ranges to get healthy again. While it may not be time to do cartwheels, the consistency we've seen in increased market sales and the decrease in inventory has to factor into all the other positive things people are saying about the housing market (which includes a remarkable S&P report on the increase in new construction.)

I should have the July sales data posted on this site in the next couple of weeks. Stay focused, and stay tuned, here!