WatchReal estate agents have been hustling lately but not necessarily to sell homes. Instead, leasing is in vogue, particularly at the top of the price spectrum.
If phone inquiries are an indication, interest in leasing luxury homes is intense, ...
..."People want to wait to buy when they are sure there is a floor underneath the housing market," Habibi said. "When government intervention pulls back, then we will see where the housing market really is."
http://www.latimes.com/business/la-fi-luxury-lease-20110414,0,6883536.story