10 Most Expensive Cities To Buy A Home: 24/7 Wall St.

24/7 Wall St.: The U.S. home prices have begun to rebound in the past year. And in the most expensive markets, where the average home sells for well over $1 million, recoveries are among the strongest, increasing between 20% and 50% in most cases.According to Coldwell Banker Real Estate, there are at least ten U.S. cities where the average listing price for a home in the first six months of this year exceeded $1.2 million. The majority of these are located on or near the California Coast. For example, San Jose suburb Los Altos, homes sold in the first half of the year averaged a $1.7 million price tag. Based on data provided by Coldwell Banker, 24/7 Wall St. reviewed the most expensive cities for buying a home.In an interview with 24/7 Wall St., Coldwell Banker COO and President Budge Huskey explained that for the first time in years, residents of the country’s most expensive housing markets are largely professionals working in or very near their home. In prior years, he explained, many of the most expensive communities were simply very desirable for wealthy families or individuals, without necessarily being employment centers. Many of these people were retired or worked from home.Read More…
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10 Most Expensive Cities To Buy A Home: 24/7 Wall St.

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