By Jann Swanson | Mortgage News Daily
It’s not exactly a startling concept but one that has been underlined by recent events; there is a strong correlation between the performance of the stock market and sales of high-end homes. Sam Khater, CoreLogic’s deputy chief economist, says that as the stock market “swooned” in recent months, so did sales of million-dollar plus houses. This has been the case in the past and the trend is apparently continuing.