Million-dollar Homes No Longer Bring Bragging Rights

The real estate market is so inflated that in a few cities across the country, million-dollar homes are common.
February 27, 2004, 5am PST | Chris Steins | @urbaninsight
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"A report from the Joint Center for Housing Studies at Harvard University says owner-occupied, single-family homes costing $1 million or more have become downright common in some cities... California accounts for 41% of the million-dollar homes identified by the Census, followed by New York at 7.1%, Florida at 5.8%, Connecticut at 4.4%, Illinois at 4%, New Jersey at 3.8%, and Texas and Massachusetts, both at 3.2%."

Thanks to Chris Steins

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Published on Wednesday, February 25, 2004 in Wall St. Journal
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