Blog by Bob Bekins

The Rich Are Buying Homes

June 21st, 2011

By Les Christie, CNN staff writer March 7, 2011


NEW YORK (CNNMoney) -- The rich are different from you and me: They're buying real estate.

After four straight years of declines, sales of million-dollar homes and condos rose last year in all 20 major metro areas, according to DataQuick Information Systems. On average, these cities saw an 18.6% jump in high-end home sales.

San Jose, Cal ...