I found this video on another real estate blog geared towards investment advisors. It provides a pretty good assessment of the current situation in the national real estate market. However, all real estate markets are really local. There was a story in last week’s New York Times about a family trying to sell a home in Detroit so they could move to Arizona. The home was an attractive tudor style with over 2300 square feet. It was priced at $200,000 and the owners were concerned that they might have to accept $120,000 like a neighbor in a similar home on the next block. Detroit is an example of an exceptionally bad market. The Durham luxury home market is stagnant but far from hopeless. However, it is going to take a different approach to marketing for Durham to capture more that the 5% of the Triangle luxury home market that it got in 2007. The video is fun. Enjoy.