SLO County News BlogGolf, Wine, Real Estate, Business & Travel NewsMillion dollar homes doubleWednesday, May 25, 2005As U.S. housing prices continue to creep higher, more and more of them are enjoying the elite status of a million-dollar home, according to a government report released Tuesday.Since 2000, the number of homes across the country valued at $1 million has nearly doubled, the Census Bureau reported. The government estimates that one percent of all American homes are now worth a cool seven figures. The study asked home owners to provide an estimate of their home value if it were on the market. California was at the top of list. The state had the highest concentration of million-dollar homes, with approximately 4.1 percent or 1-in-25 homes meeting the $1 million mark. Read entire article at: Million dollar homes double since 2000 CNN Money Read More
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