With home prices in America lower than they’ve been in 10 years, it’s definitely safe to say that 2012 is a perfect year to buy a home.
Thirteen cities in America experienced a drop in home prices from the previous year. Of those 13 cities, five saw their average home prices fall to new record lows including:
- New York
Only four states in the entire country experienced an increase in their average home prices over the last year. Whereas Phoenix saw the largest rise in property value, with home prices up 6.1 % from the previous year, three other cities also saw an increase in home prices including:
Yet, the home prices in these rebounding American markets pale in comparison to some of the most expensive homes around the world.
While entertainer Mariah Carey’s $125,000,000 California mansion represents America on the list of “20 of the world’s most expensive homes,” there are homes on this list from ritzy regions all over world.
Here’s a cool illustration from Daily Infographic detailing the price and location of 20 of the most expensive homes in the world. Check it out!