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At present, the high-end market has turned into a better place for investors. According to Bank of America Merrill Lynch, sales of properties worth over $1 million improved by over 14% over the past year, while those of properties valued at less than $100,000 fell by eighteen percent. Costs for higher-end houses have also seen much larger increases. Zillow data showed the top third of the market, composed of dwellings worth $305,700 and previously, increased in value by an average 3.38% per annum over the past eighteen years. These price increases were 20% higher than those seen by the bottom two thirds.

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