Although, every homeowner has suffered in the real estate crash, the owners of homes worth one million dollars or more have taken a much worse hit than the rest of us and continue to.

The number of homes on the market priced at $1 million dollars or more increased a whopping 27 percent in July, according to data provided by Zillow.  

The National Association of Realtors  just released their findings for July which revealed that sales in number of homes valued between $1-$2 Million fell 23 percent.  The supply of homes for sale in this price range has risen to a 21 month supply, up from 16 months last year.

Lenders report a big jump in deliquencies and foreclosures on the mortgages of expensive homes, which means that more high priced inventory on the market is imminent.

Thank you for visiting Why6Percent.com.  If you have a home to sell, our program can put your listing  in front of millions of buyers each month.