100 Top Professionals - Luxury Real Estate Conclave

George R. Harvey, Jr. joins 100 top professionals at invitation-only luxury real estate conclave

“Leaders in Luxury” event draws top luxury real estate professionals to Austin (TX)

DALLAS, Texas. (October 25, 2010) – From California to New York, and Canada to Florida, 100 of the top real estate professionals working in the upscale residential market converged last week in Austin (TX) at The Institute for Luxury Home Marketing’s annual Leaders in Luxury (LIL) conference where ...read more...

WSJ Article - Foreclosures and Short Sales

This is an interesting article talks about where / who is feeling the impacts of today's market.  Is your state listed here? 

Click to read the full article - What the 'Foreclosure Crisis' Means for You
Wall Street Journal
But the fallout from the crisis is beginning to be felt in real-estate markets across the ...

Sincerely,

George

George R. Harvey, Jr.    

President of Colorado Association of Realtors 2010

Owner/Broker, The Harvey Team 

P.O. Box 2283, Telluride , CO 81435

970-729-0111   cell

www.TheHarveyTeam.net  

 

Click here to view George's credentials

 

Top 5 Most Expensive Private Yachts in the World

This was shared by Fanis Zacharis who is in one of my networks!  Enjoy!


Top 5 Most Expensive Private Yachts in the World

From Rismedia - 6 Reasons to Buy a Vacation Home Now

Here's a great read from Rismedia about buying a vacation home now.




RISMEDIA, August 11, 2010—As the real estate market continues its bumpy road toward recovery, the vacation home market is heating up, causing homeowners around the country to seriously consider buying the vacation home they’ve been eyeing.


Margaret La Grange and Christine Van Tuyl, an award-winning mother-daughter team with Prudential California Realty in Coronado, CA, offer the top... read more

Global Wealth Increasing

Thursday, June 10, 2010

 

 

 

 

Dear Luxury Professional:

 

Please find a link to a very compelling report on global wealth entitled, "Regaining Lost Ground," resurgent markets and new opportunities.

 

The report describes several strategies and operating levers such as price, retaining & winning clients and how wealth managers can improve risk management.

 

North America for example posted the greatest absolute gain in wealth at $4.6 trillion while the largest percentage gain occurred in Asia/Pacific where wealth increased some 22%.

 

There are now 11.2 million, "millionaire households" in the world today with roughly half (4.7M) in the United States!

 

The highest density of millionaires exists in Singapore, Hong Kong, Switzerland and The Middle East.

 

I found this to be interesting reading and something worth reviewing as the economy begins to incrementally improve and buyer activity increases: 

 

http://www.bcg.com/documents/file50074.pdf

 

Interesting Denver Post Article

 

 

Big chill on mountain resort areas' home sales beginning to thaw

By Margaret Jackson
The Denver Post

http://www.denverpost.com/business/ci_15139996

Miami Condo Buyers Paying Cash

Published: 19th May 2010

Miami: 83% of condo buyers pay cash

Despite the US government encouraging lenders to finance condo purchases, evidence from Miami suggests that cash is still king.

According to a new report from Condo Vultures, only 83 percent of the more than 700 new condo sales in Greater Downtown Miami in Q-1 of 2010 were from cash buyers.

It seems the local market in South Florida has some way to go but overseas investors, paying cash, appear to be leading a mini boom.