About The Million Dollars Homes
Business Week recently wrote an article where they discussed why huge million dollars homes are more and more popular. The statistics shows that home sales at the $5 million-plus price range rose 11% in 2006, compared to a 8.4% decline in overall housing market sales. Between 1999 and 2005, the Institute for Luxury Home Marketing says, sales of homes for more than $1 million skyrocketed over 500%. Today, there are seven homes on the market priced at $100 million or more. In 2005, there was just one. Now, why more and more people build this kind of homes ? In these days more and more people get richer and richer. They have worked hard for their money and this is a way to show their “trophy properties”, aquired with a lot of hard work, the prize.