Multimillion $ Market Still Hot

Despite a cooling real estate market, one segment that remains red hot is the multimillion-dollar market.

In San Francisco, 18 homes in that range sold in the first quarter, up from 15 in the same period last year, a DataQuick analysis shows.

Mark Zandi, chief economist at forecasting firm Moody’s Economy.com, says the segment of high-end buyers “won’t be immune from the unfolding travails of the rest of the market, but it will weather those difficulties much better than it has historically.”

 

  • Source: Wall Street Journal [Troy McMullen]