A Million Dollars Gets You More Home Now

It is a good time to buy luxury real estate as the article below points out.  Prices are down substantially and you can get a lot more for $1 million than you could a couple of years ago.

“In the 20 largest U.S. metro areas, about 2,800 homes sold for more than $1 million in July — down by more than half from July 2005, according to MDA DataQuick. Nationwide, overall home sales  were down about 27 percent, according to the National Association of Realtors.”