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That day, there was "massive interest" in properties for sale.
For condos, second-home buyers are most interested in properties for $150,000 to $350,000.
According to real estate professionals specializing in properties for older residents, demand for assisted living residences has been growing as the number of older Americans rises.
In the 10 years from 2001 to 2011, there was a steady — but not overheated — increase in properties for sale and in the price of rentals, which constitute most of the market.
"You could make exceptions for those people who have lived in properties for a long period of time and have retired and obviously aren't in a position to pay that kind of levy every year.
It seems that the 14% year-over-year decline in properties for sale is akin to employment data that stops tracking job-seekers who stop looking.
Similar(51)
"They created something in property for the uber-rich that no one had thought of.
It would be happy to see less investment in property, for example.
Brown left a successful career in property for this, and it seems he made a shrewd investment.
A 2009 law allowed mainland insurers to invest another wall of money in property for the first time.
Savers who have built up substantial pots are likely to dump annuity purchase in favour of investing in property for an income in retirement, said Savills.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com