After a year of epic government stimulation and a seemingly “all in” wager on the part of stock “investors”, it’s important to recognize that trends on the upper-end of residential real estate have little changed.

We’ve already recognized that price movement for residential real estate on the high tier of many of the country’s more affluent cities, largely unaffected by the government gimmicks and “green shoots” confidence, have continued to trend down but what of the “superstar” markets that were once thought to be immune from all economic conditions?