What can we expect from the luxury home market?
With all signs pointing to a stronger U.S. economy and global growth in 2015, J.P. Morgan anticipates that home prices, particularly in the luxury segment, are likely to climb steadily higher.
Several important economic forces are supporting this trend, including:
- High-income households are more confident about the U.S. recovery
- A limited supply of trophy properties for sale is intensifying demand and pushing up prices