Word: high-end
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...should a First Lady dress during a bad recession? Well, I think she's exactly doing it. I think she's not being extravagant. She's the first First Lady I can remember who repeats clothing. She wears high and low. She wears H&M and she wears middle J. Crew. She wears high-end designers. But she certainly mixes it up. I've never seen a First Lady repeat before...
...Fairmont Southampton, a sumptuous resort on Bermuda's highest hill, has eligible deals, including a seven-night package with airfare from New York City (we found it on Bestfares.com) for $1,450 per person - a significant saving from the hotel's usual rate. Similar deals are available at other high-end properties, including Elbow Beach, the Fairmont Hamilton Princess and Coco Reef Resort...
...high-end homes that won't sell...
...means if you're trying to sell a house that a first-time home buyer probably wouldn't purchase - anything that's not priced as a starter home - you're not likely to feel the benefit of a faster moving inventory. And if you're trying to sell a high-end house, you're really out of luck. (See high-end homes from across the country that, despite steep markdowns, just won't sell...
...sell a house in Chula Vista and you're good to go - but don't expect much luck in La Jolla. Of course, what houses are selling for is a whole other question. Homes in those 20 least-expensive zips average sale pries are down 30%, while the high-end areas only saw an average drop of 12%. An uptick in sales hasn't affected all price points evenly - but in certain ways, maybe that's a good thing...