"$1 million homes showed an increase in sales of 6.1 percent in July"

[Bonhomme Richard]

You see, the wealthy are not hurting at all. How stupid can the people be? I really wonder.
"In the Northeast, sales of homes priced between $100,000 and $250,000 plunged 37.6 percent, those between $250,000 and $500,000 fell 33.1 percent. Home prices between $750,000 and $1 million were only off 1.3 percent."
The article:http://www.ctpost.com/business/article/Fairfield-County-home-sales-healthier-than-630194.php

[SammyWinstonJack]

1. Due to the anticipation of the bu$h tax cuts being extended?

Money to burn....must be nice. :puke:

[xchrom]

2. They are allowed to accrue equity - the rest not so much. Nt

[LaurenG]

3. Very telling and terminally sad for most of us who can't sell

and if we could would have to short sell. :(