Over $38 billion in jumbo loans in Q2 2012. Up over 65% compared to a year ago 2nd quarter.
Naples, FL has led the luxury home markets in sales and at some record high prices in 2012 too. New Construction - high technology homes have been in high demand. Assisting these sales has been the local and regional banks who specialize in high net worth clientele lending at record low-interest rates around 3%. Buyers are able to borrow and leverage their multi-million dollar residences as their portfolios continue to enjoy excellent growth.