The prediction that I made about 5 years ago that the luxury real estate market (homes over 4,000 sq. ft. range) would become very challenging to sell, is bearing true. Over the last 2 months alone I have be asked to evaluate about 12 properties and a pattern is emerging and confirmed that I have watched for the last 2 to 3 years. They are property owners in their late 50's/60's with very big homes, some built or purchased near the 'boom times' and now the owners are wanting to downsize because ...
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