Million-Dollar Homebuying Soars With U.S. Rich on Shopping Binge

Bloomberg, Dec. 8, 2020–Prashant Gopal
Demand for million-dollar homes is growing faster than any other price tier in the pandemic-driven U.S. housing boom. In October, applications for mortgages larger than $766,000 jumped 59%, the biggest gain for all segments measured by the Mortgage Bankers Association. By comparison, the increase for mortgages from $150,000 to $300,000 was 13%.
https://www.bloomberg.com/news/articles/2020-12-08/million-dollar-homebuying-soars-as-u-s-rich-go-on-buying-binge?utm_source=google&utm_medium=bd&cmpId=google