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Sales of luxury houses have been constrained by a lack of private financing.

Stories this photo appears in:

Luxury Home Sales Vulnerable to Credit, Foreclosure Woes

REAL ESTATE: Sellers’ Unrealistic Expectations About Value of Their Houses Leads to Glut of Inventory

Challenges in the luxury housing market have included a lack of available financing for qualified buyers coupled with just enough distressed properties to sink overall property values.

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