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Priciest Properties Make Up Record Share of U.S. New-Home Sales

  • Houses priced above $500,000 account for quarter of purchases
  • More high-end sales boost average price by most since 2017
Oakland On Course To Create More New Housing Units Than San Francisco In 2019
Photographer: Michael Short/Bloomberg

It looks like lower mortgage rates are helping lure Americans who are buying the priciest properties.

The most expensive U.S. houses -- those priced at $500,000 and higher -- made up a quarter of total new-home sales in August, the biggest-ever share according to Census Bureau figures that date back to 2002.