The real estate market started slumping in 2005 but experts thought that the higher-end markets would be saved from the rest of the national trends. However, that has not been the case, as they are all feeling the slow-down.
Figures show a 40% sales slow-down compared to the same time last year.
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An article published earlier this month in The Aspen Times shows that even the posh playground to the world's rich and famous is feeling the pain of this fickle market.
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Reality Times
This just goes to show how everyone can be effected by the economy. From the rich to the poor. Everyone in the real estate business needs to be very careful right now.
Real Estate Market Conditions