Posts from March 15th, 2011

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March
15

If Prices Are Falling, Why Are the Rich Buying?

March 15th, 2011 by Ruhl Marketing Team

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 outside of this price point actually fell 2.8%. And even more amazing is that homes over $5 million have also increased substantially. Housing Wire reported that: In 2010, 975 homes sold in this bracket, up nearly 14% from the year...

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Posts from March 15th, 2011

If Prices Are Falling, Why Are the Rich Buying?

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Posts from March 15th, 2011

If Prices Are Falling, Why Are the Rich Buying?

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