Mortgage Rates That Became Good News

Just recently, two of the possibly biggest mortgage news this quarter hit the public. The first one was when the Federal Housing Administration announced last April 13, 2013 that it is extending its mortgage payment for a year to the homeowners damaged by Hurricane Sandy.

Defining Luxury in Real Estate

          Nowadays, there is almost a price tag on everything. Money now serves as a currency that separates practicality to luxury and this just expands the choice more. In a 2012 report, London, Sydney, New York, Paris and Hong Kong ranked as the top cities for luxury living.

          As the country continues to thrive in the financial blow it received a few years back, the number of luxury goods continues to climb signaling the that era of luxury real estate is far from over. Defined generally as real estate market that targets the highest socio-economic consumers, it varies mainly on the consumer’s taste (e.g. suburban, condominium, beach resort and etc.).

          But what really sets luxury real estate apart from others is to able to cater people with just high standards of living regardless of their socio-economic standing! There are numerous elegant and sophisticated houses that suits to the consumers’ standards rather than the other way around. You read more about that and more on what really sets luxury estate apart.