U.S. $1 million market ends year with a burst of activity According to the National Association of Realtors, sales of homes priced at $1 million or more jumped 51% in November, compared with a year earlier. As the fiscal cliff approached, many sellers concerned about the anticipated capital gains tax increase and the 3.8% surtax on investment income of high earners as part of the Affordable Care Act, rushed to close home sales before year end. It remains to be seen what impact this might have on 2013’s sales. The good news for demand is that interest rates remain low, foreign buy interest remains high, and last year’s fourth quarter sales activity has reduced luxury home inventory, which may bode well for prices. ** from The Institute For Luxury Home Marketing web site Thinking on Selling ? Call us for a confidential strategic market analysis All the Best, Esperanza Franky "espie" Realtor Member of The Institute for Luxury Home Marketing "Selling Miami Estates" team with One Premier International Realty Cell 305.283.5868 Follow us via Twitter @espiefranky Marketing Florida Real Estate at the Highest Level !