12. May 2009 by Dan Walkow, CFA, CMT.

There has been much chatter in recent weeks about the recovery in the real estate markets. Maybe in the lower end stuff but the high end real estate sector is seeing some real pain. The numbers are staggering as can be seen from this recent piece on the Wall Street Jounel blog entitled “Affluent Homeowners Sinking Fast“. Maybe the optimists are a bit premature calling for a turn in the real estate markets so soon.

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