February 22, 2012

In the US, the housing market is bipolar

In the US, the housing market is bipolar

A view of the interior of the 57,000-square-foot mansion owned by late TV producer Aaron Spelling and his wife Candy in the Holmby Hills neighborhood of Los Angeles. The luxury end of the U.S. real estate market is going gangbusters. The rest of the market? Not so good.In America, it’s starting to feel as if there are two housing markets. One for the rich — and international buyers — and one for everyone else.