Dollar slide boosts luxury home sales
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From Times wire reports
The luxury home market is getting a boost as the U.S. dollar falls relative to many foreign currencies. Leading the rush to buy in the United States were an estimated 18,000 Britons who purchased second homes in the U.S. in 2004, up 50% from 2003.
“With the British pound worth nearly $2 -- $1.94 as of mid-December -- Brits view the U.S. housing market as having a two-for-one sale,” said Laurie Moore-Moore, president of the Institute for Luxury Home Marketing.
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