Priciest U.S. listings prosper

July 11, 2007 12:00AM

Although most areas in the United States are enduring a housing slump, research compiled by DataQuick Information Systems indicates that the nation’s highest-priced homes are selling significantly better than low- and mid-priced properties. Experts are attributing the disparity to the weak dollar, which they say is drawing foreign investors to luxury product, and to the fact that the market’s highest end has not been impacted by the collapse of the subprime mortgage industry. more [NYT]

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