The real estate market is so inflated that in a few cities across the country, million-dollar homes are common.
"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
FULL STORY: Million-Dollar Homes: Now a Dime a Dozen?
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