{"id":3889,"date":"2015-04-30T12:41:17","date_gmt":"2015-04-30T19:41:17","guid":{"rendered":"https:\/\/realuoso.com\/?p=3889"},"modified":"2015-07-22T18:47:44","modified_gmt":"2015-07-23T01:47:44","slug":"sales-of-100-million-homes-hit-global-record","status":"publish","type":"post","link":"https:\/\/theamericangenius.com\/housing\/big-data\/sales-of-100-million-homes-hit-global-record\/","title":{"rendered":"Sales of $100 million homes hit global record"},"content":{"rendered":"<p>Ultra-luxury real estate sales are on the rise, not just at home, but abroad. The niche of homes for sale that cost over $100 million is on fire, and the market simply can&#8217;t keep up.<\/p>\n<p>Sales of homes with a nine-figure value have hit a record high, not just because five (cough, cough) sold last year, but because there are many on the market being sold off-market to the hungry billionaires.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2015-04-30\/sales-of-100-million-homes-rise-to-record-worldwide\" target=\"_blank\" rel=\"nofollow\">Bloomberg<\/a> notes that the data comes from Christie&#8217;s International Real Estate, offering insight into the global trend (although it has been noted that the company may not be the most objective of observers).<\/p>\n<h2>The wealthy typically don&#8217;t even live in these homes<\/h2>\n<p>Wealthy investors see these mansions as investments. \u201cIt\u2019s something they\u2019ll hold onto for a lifetime,\u201d the CEO of Christie\u2019s Real Estate told Bloomberg News, \u201cthe same way they\u2019ll hold onto a Picasso or a Warhol or any number of the great pieces of art we\u2019ve sold over the years.\u201d<\/p>\n<p>Further, a purchase of this size does not mean it&#8217;s a homestead, rather as a means to park their cash. Most of the buyers of the $100M+ homes sold here have been to investors from China who have only been allowed to buy houses abroad for the last three years, leading to a surge in investing in American properties.<\/p>\n<h2>It&#8217;s also for bragging rights<\/h2>\n<p>&#8220;People want trophy homes,\u201d Eyal Ofer, a Monaco-based shipping and real estate magnate, said in interview earlier this week at the Milken Institute Global Conference, according to Bloomberg. \u201cThey\u2019re a scarce commodity. And they\u2019re better than gold because you can boast about it.\u201d<\/p>\n<p>This makes high end luxury a growth market, and real estate professionals looking to cash in have a lot of competition. We&#8217;ll see if these high sales remain, regardless of economic constraints &#8211; money from China sure wants to land in America!<\/p>\n<h3><span style=\"color: #999999;\">#100Mrealestate<\/span><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Home sales are improving, but ultra-luxury properties are flying off of the shelves. But who&#8217;s ponying up? You might be surprised. <\/p>\n","protected":false},"author":335814,"featured_media":3890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"wds_primary_category":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[91],"tags":[99,100,564],"class_list":["post-3889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-big-data","tag-breaking-news","tag-hot-stories","tag-luxury-real-estate"],"jetpack_featured_media_url":"https:\/\/theamericangenius.com\/housing\/wp-content\/uploads\/sites\/2\/2015\/04\/luxury-real-estate.jpg","jetpack_sharing_enabled":true,"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/3889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/users\/335814"}],"replies":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/comments?post=3889"}],"version-history":[{"count":3,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/3889\/revisions"}],"predecessor-version":[{"id":4506,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/posts\/3889\/revisions\/4506"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media\/3890"}],"wp:attachment":[{"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/media?parent=3889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/categories?post=3889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theamericangenius.com\/housing\/wp-json\/wp\/v2\/tags?post=3889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}