$1 million-plus home sales up 16%

Wow!  The economy is doing great...isn't it? 

Million Dollar homes - sales are up.

Homes under $100,000 - sales are down.    PB
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From CNBC.com:

As the U.S. stock market rises, so do sales of million-dollar homes.

That correlation is not lost on the nation's Realtors.

"There is little volatility in the stock market.  It is whoppingly higher, so people in the top 10 percent of wealth are really feeling confident now," said Lawrence Yun, chief economist for the National Association of Realtors.

Sales of existing homes priced above $1 million jumped over 16 percent in October from a year ago, according to a Realtors report released Thursday, outshining every other price segment.

The next strongest was the $750,000-$1 million range, up over 12 percent.

Sales of homes priced under $100,000 fell 6 percent...
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Link: http://www.cnbc.com/id/102204065