The pandemic is revving up the market for expensive homes where many people are spending far more time, luring richer buyers and nudging more sales over the half-million dollar mark from northern California to the New York City suburbs.
Nearly one in four home buyers between April and June bought houses priced at $500,000 or more, up from 14% of buyers during the preceding nine months, according to a Wednesday report from the National Association of Realtors.
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This post first appeared on wsj.com
