Million Dollar Homes
According to a report by CNN, “Americans are buying homes that are bigger and contain more luxury features than ever. By some accounts, the million-dollar-plus home is now the strongest segment of many housing markets.”
Where are these million dollar homes? Among the states, California has the highest percentage of million-dollar homes at the last Census Bureau report. At the end of 2003, 4.1 percent of all homes in California were worth a million or more. Somehow, this doesn’t surprise me. I would venture to say the percentage is much higher now in 2006.