by Chuck Roper
22. January 2013 11:21
We are particularly encouraged by the luxury housing segment, where large inventories and inflated pricing had previously stifled a more timely recovery. Because early stimulus programs were geared toward first time home buyers and conventional borrowers, the luxury segment did not recover as quickly as lower price segments. 2012 saw good stock market performance, moderate job creation and good business health - all contributing to positive housing results. 2012 sales of single family and condominiums over $1 million are up 19% over 2011 in St. Louis County's central corridor and inventory has gradually but steadily declined during the year.
