04.06.2012 - 3 reasons the luxury housing market is sizzling
An $88 million condo sale in Manhattan? A palatial California mansion on the market for $79 million? Given the still-sluggish state of the global economy, it's hard to believe people would plunk down tens of millions of dollars for a roof over their heads in this day and age. But that's just what's happening in some of the nation's most competitive and sought-after housing markets. Sales of super high-end properties are booming, experts say, with the tight supply of desirable properties spurring multiple offers and bidding up sale prices...............................................Full Article: Source
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