High end’s low end falters

According to a report by the National Association of Home Builders, sales of homes priced in the $1 million range are declining in many major markets across the country. While in the fourth quarter of 2005 there were 65 markets that had 100 or more home sales in the $1 million range, in the fourth quarter of 2006 there were only 32 such markets. more [WSJ]