Tag Archives: Housing Records Abound in 2011

The wealthy were taking advantage of the housing market in 2011, snagging homes at record-breaking prices particularly in markets like San Francisco, Manhattan, and the Hamptons. “We think the reason the high-end market is doing well is [that] investors think this is the bottom of the market,” Philip A. White, chief operating officer of Sotheby’s International Realty, a network of luxury real estate companies, told BusinessWeek in a recent article. Here’s a recap of some of this year’s “blockbuster sales” in the luxury home market, according to BusinessWeek: Russian tech […]