It's still dependent on the stock market, but the WSJ suggests the luxury real estate market may be returning, or at least leveling out. They report that "in some areas of the country, sales of homes over $2 million in the first quarter were actually on par with the levels of 2005, the peak year for existing-home sales volume nationwide." Beverly Hills is mentioned, while a handy chart shows the highs and lows across the country. [WSJ]
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Koreatown Craftsman With Lots of Hand-Carved Woodwork Asks $1.5M
Built in 1910, the house sits on a lush property that includes a recording studio out back.
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