Economic factors make some luxury homebuyers hesitate
As economic turbulence continues to rock consumer confidence, some potential luxury homebuyers hesitate to make significant investments. The fluctuation in tariffs and the unpredictable trajectory of the stock market made potential buyers wary, leaving some sellers feeling panicked over their listings. “It’s definitely keeping many clients and cash on the sidelines,” said Delroy Gill of LIV Sotheby’s International Realty. After showing a property to a potential buyer with the financial means to make a purchase, the prospective client opted not to make an offer. “He has the funds and ability...