The U.S. luxury-home market is surging this year. Prices of residential properties have significantly increased, and more people are investing in real estate. As the economy and stock market make strides toward improvement, housing market confidence continues to grow. Home purchases for $2 million and up increased 33% in January and February when compared to last year, breaking previous records. According to data, the stock market broke numerous records last year leading to an increase in luxury-home sales. More here
