Is the luxury housing market actually holding up despite high mortgage rates right now?

Mortgage rates held above 6.8% through most of this week, and yet luxury inventory in their local market is moving faster now than it was 60 days ago. That gap is the whole story. The buyers who sat out waiting for rates to fall are now competing against each other on the same homes. The window they thought was wide open has already started closing. The people who win in a luxury market don't time it perfectly. They understand the asset before everyone else starts paying attention. Tester 15, The HomeBridge Group @ eXp Realty