New Report the First to Provide Real-Time Data and Insights on Nation’s Luxury Housing Market
Launched this week by The Institute for Luxury Home Marketing, The ILHM Luxury Market Report provides the first real-time view of the nation's luxury housing market. With data and analysis on 31 metro areas and the nation as a whole, the report offers the best information available on the nation's luxury markets and the often surprising trends which shape them.
(Vocus/PRWEB ) November 5, 2008 -- The Institute for Luxury Home Marketing will officially launch the ILHM National Luxury Market Report at the National Association of Realtors national convention this week in Orlando, Florida.
The Institute for Luxury Home Marketing
“The ILHM Luxury Market Report is the only real-time national report tracking the luxury market,” says Waco Moore, President of The Institute for Luxury Home Marketing. Like the Case-Shiller Composite Index and other national indices, it is a bundle of data from markets around the country that give a simplified view and try to get at the question of what’s happening in the marketplace. Unlike other reports and indices currently available, the ILHM Luxury Market Report focuses exclusively on the top of the market and provides a real-time snapshot of the luxury market at both the local and national levels.
“We know that real estate is a local business. We also know that in a given place, at a given time, different price segments within the market perform differently,” says Moore. “Trophy homes at the top of the market might be in high demand and setting new price records, while in the same city starter homes might be stagnant and seeing major downward price pressures. Most major indices ignore this fact and lump all price segments together to get at some sense of overall market trends. We don’t do that. In fact, we look at just the top of the market, so that you can see more clearly what is really happening in luxury markets around the country and the overall luxury trend at the national level. ”
Data in the ILHM Luxury Market Report is based on analysis of properties currently listed for-sale in 31 metropolitan markets across the country. The report is the timeliest source of market data on current luxury housing market activity.
“Until now, there has simply been no way for people to monitor the trends in the luxury real estate markets around the country," said Michael Simonsen, CEO of Altos Research. "Combining our unique real-time real estate data with the Institute's leadership position in the luxury home market creates a compelling view of the high-end housing market - a place to see the statistics that you can't find in the headlines.”
The report examines housing pricing, inventory levels and market conditions in 31 major U.S. metropolitan statistical areas (MSAs): Atlanta, Austin, Baltimore, Boston, Charlotte, Chicago, Cleveland, Dallas, Denver, Detroit, Honolulu, Houston, Las Vegas, Los Angeles, Miami, New York, Orlando, Philadelphia, Phoenix, Portland, Raleigh Durham, Sacramento-Tahoe, Salt Lake, San Diego, San Francisco, Seattle, Silicon Valley, Tampa, Minneapolis-St. Paul, Ventura, and Washington DC.
The ILHM Luxury Market Report is updated and published weekly.
For more information on the ILHM National Luxury Market Report visit: http://www.luxuryhomemarketing.com/report
About the Institute
The Institute for Luxury Home Marketing trains real estate agents who work in the luxury market and awards the prestigious Certified Luxury Home Marketing Specialist (CLHMS) designation to members who meet strict performance standards. Based in Dallas (TX), The Institute has an international membership. For information: www.LuxuryHomeMarketing.com
About Altos Research
Altos Research LLC pioneered real-time real estate research. Founded in 2005, the company's information products serve investors, traders, and thousands of real estate professionals. Because real estate data is traditionally obscure and highly latent, Altos built the Real-Time Market Intelligence(TM) platform to monitor dozens of housing market metrics as they are right now in local markets across the country. The company publishes real estate reports and real estate data each week for thousands of zip codes around the country.
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