"I don't feel the market is dead in any way," said Robert Joffe, co-founder of Launch Real Estate."There's just no question it's a complete slowdown from what it was, but I feel we are in a balanced market right now, almost leaning toward a buyer's market."
Luxury home deals are still closing, he said, adding that he just entered escrow this weekend for a $3.5 million home in Arcadia, representing $875 a square foot. "It didn't even hit the market, and they had two offers on it," he said."Deals are still getting done."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: