The site I have been working on for some time now has finally launched - Luxury Homes.Ironically, luxury homes are not feeling the current economic crunch as much as most other sectors of the housing market. This is largely because the availability of luxury homes is limited, meaning that only a small amount of extraordinary properties are up for sale at any one time. Another contributing factor is that these homes are often well maintained and frequently updated, which allows them to hold their value better and remain competitive in a slow market. Finally, international buyers have begun to take an interest in American real estate, particularly on the West Coast; the value of the dollar in today's economy essentially allows overseas consumers get more (real estate) for their money. So the competition remains fierce at this level, regardless of the ups and - more recently - downs of the housing market in general.
