Boca Mortgage Blog

MegaHomes Score Big Price Tags

May 7th, 2014 1:37 PM by Leonard Silvestri

Some U.S.housing markets are winning big! Three U.S. megahomes recently sold for over $100 million with the leader of the pack ringing in its purchase at $147 million. This beach-front estate is nestled in East Hampton, N.Y., was bought by the hedge fund creator, Barry Rosenstein. Read more about the up trend in the trophy-home market.

"The world's richest people are moving cash to real estate as they seek havens for their wealth. In the U.S., an improving economy and stocks at a record are bolstering confidence among the affluent. Home purchases of $2 million or more jumped 33 percent in January and February from a year earlier to the highest level for the two-month period in data going back to 1988, according to an analysis by DataQuick."

Lenny Silvestri
Posted in:General
Posted by Leonard Silvestri on May 7th, 2014 1:37 PM

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