In Two Housing Markets, Recession is Either Memory or Reality

There are two housing markets, "one for the rich and one for everyone else," writes Michelle Conlin. Sales and subsequent bidding wars are back in richer neighborhoods, while approximately 98.5% of the population see no end to the recession just yet.

1 minute read

September 22, 2011, 5:00 AM PDT

By Judy Chang

"Normally, these two segments of the housing market rise and fall together. But now, they're moving in opposite directions.

'Luxury is the best performing segment of the housing market right now,' says Zillow.com chief economist Stan Humphries."

FULL STORY: In the US, two housing markets and two directions

Wednesday, September 21, 2011 in Boston Globe

Housing Social / Demographics Urban Development United States Home Sales Rentals View More

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