The National Association of Realtors recently reported that sales of existing homes priced above $1 million rose rapidly in October, underlining the strengthening real estate market in the United States.
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Q3 luxury home sales up in Sacramento region
The third quarter saw general improvement in the Sacramento housing market, but luxury homes in particular had increased interest through the greater Sacramento area, according to recent trend data from Trendgraphix.
Read MoreHousing bubble fears eased in Sacramento
While rising home values are a positive sign, too much growth too quickly can put fears of another housing bubble in residents minds. However, an easing of the market has assuaged those fears in Sacramento.
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