"As luxury-home sales take off, some home buyers with deep pockets are using cash to dodge large mortgages. Some are making massive down payments in exchange for a smaller loan with a lower rate. Others are sticking to all cash... Why the change of heart? With yields on deposit accounts at record lows and concerns about future returns on equities..."
With luxury home sales increasing in the Park City real estate market, a sound strategy to maximize savings becomes critical.
Source: Wall Street Journal, October 25, 2012
Posted by Berkshire Hathaway HomeServices Utah Properties
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