The Rigged Housing Market
An upscale housing development in Wilton, Connecticut (all of Wilton is upscale) is having no trouble selling its 20 units for $800,000 each. On average, homes in that town now fetch more than $1 million a piece.
And real estate experts only rank the region that includes Wilton at No. 33 on their list of the nation’s hottest markets. Clearly, the recession is over. Well, at least for the top 1 percent.