The fascinating aspect of this housing bubble is the impact it is having in sheltered locations like those in Beverly Hills California. These otherwise illustrious neighborhoods now have to adjust to a new archaic vocabulary that includes foreclosures, REOs, and short sales. These words must seem out of place when talking about exclusive enclaves like [...]
Bel Air is a prime location in Southern California where the wealthy enjoy the amenities of beautiful homes and luxury estates. Yet not all homes in the region are selling at a brisk pace. The market for higher priced homes is obviously thinner simply because there are fewer people able to purchase a million dollar [...]
