Monday, March 14, 2011

If Prices Are Falling, Why Are the Rich Buying?

March 14, 2011

There is an interesting phenomenon taking place in the real estate market. While house prices are falling, the rich are starting to purchase. DataQuick Information Systems reported last week that sales on homes $1 million or more rose 18.6% last year after four consecutive years of decline. This is at the same time that sales [...]

Share
Read the full article →