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America's Most Expensive Homes

First Posted: 07/28/09 06:12 AM ET Updated: 05/25/11 02:30 PM ET

Expensive Homes

ABC News:

There's been a lot of denial among luxury homeowners. In 2006, it was thought that the luxury market wouldn't suffer the same fate as the broader market. A year later, high-end home buyers were thought to have endless, deep pockets, further insulating the top-tier from the cratering economy. As the nation's markets in 2008 went from bad to worse, some in the industry claimed that the dearth of trophy properties outstripped supply.

Read the whole story: ABC News

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Filed by Nicholas Sabloff  |