LuxuryMarket Driven BySentiment

Some high-net-worth buyers may rely more on feelings than numbers when it comes to purchasing a home in an uncertain economic climate ?When you move into the luxury spectrum,what you?re finding is the vast majority of homes are selling with no mortgage The buyers can afford it It isn? t whether or not they can buy something,it?s whether they feel like buying something,?Huskey says ?The luxury market is largely driven by sentiment and a perception about what is occurring in the future?

The inflection point that restores confidence may come very soon ?We?ve seen inflation come off its peak We?ve seen mortgage rates start to stabilize We?ve seen employment continue to be strong,?he says Once buyers see progress on bringing down inflation,?it?ll then be easier for companies to continue making their quarterly earnings potentials,and at that point,people start to feel good again?