Martha’s Vineyard Real Estate seems to be following the nation with luxury home prices on the rise. JP Morgan reports these are the indicators:
1 Accelerating GDP growth marks the beginning of a new business cycle in the United States.
2 Higher equity prices have disproportionately benefited high-income households
3 High-income households are more confident about the U.S. recovery
4 A limited supply of trophy properties for sale intensifies demand and pushes up prices
5 Overseas buyers view U.S. real estate as a safe haven asset
6 Home valuations are fair and benefit from the low interest rate environment