$100 Million Homes on the Rise

Four years ago a Russian billionaire was the first person ever to buy a single-family home for over $100 million USD. As of March 31st, there are ten homes at or over this mark in the US alone. The worldwide luxury home market (defined as over $1 million) is up 16% from the previous year. However, the US luxury housing market has taken a marked dip in improvement in many cities from the previous year. This could be viewed as evidence of the widening income gap and lack of a middle class, that the $100 million housing market is on the rise, but the $1 million market is struggling.

http://www.wsj.com/articles/number-of-100-million-homes-surges-in-u-s-1430410016