The Surge in U.S. Mansion Prices Is Now Over
- Chinese stocks, falling oil prices denting high-end home sales
- Expensive homes led U.S. housing market out of 2008 slump
Is the Luxury Real Estate Boom Going Bust?
The six-bedroom mansion in the shadow of Southern California’s Sierra Madre Mountains has lime trees and a swimming pool, tennis courts and a sauna -- the kind of place that would have sold quickly just a year ago, according to real estate agent Kanney Zhang.
Not now.