Most Expensive House Edition Featuring Mountain Chateau
Edited by Diana Olick
Despite a lull in the overall housing recovery, high-end homes are seeing a strong sales surge. Whether fueled by foreign buyers or cash-heavy, investment-hungry Americans, multimillion-dollar homes are seeing the biggest annual sales jump of any other housing segment.
Homes priced above $1 million represented just 2.5 percent of overall sales in July, according to the National Association of Realtors, but their volume jumped 8.5 percent from a year ago. Sales of the lowest-end homes fell by just as much. While the ultra-rich have always had a soft spot for real estate, their love affair is only heating up now. Read More