The Bay Area Holds the Top Three Spots
by Shawn Langlois
A new study seems to come out daily chronicling the absurd surge in home prices in some of America’s hottest real-estate markets.
This might be the first one to make you itch.
Trulia’s Ralph McLaughlin put together a series of animated graphics to show what he describes as the “million dollar creep” of high-priced homes in the country’s biggest metro areas.
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Overall, since 2012, the share of homes with seven-figure price tags across the United States has jumped from 1.6% to 3%. But that’s nothing compared with what’s been happening in the most explosive areas.