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Luxury home sales soared in final months of 2012

2013-01-08 15:13:28| Real Estate - Topix.net

Sales of luxury homes spiked in the final months of 2012 as high-end homeowners rushed to take advantage of lower tax rates before January 1. Many sellers wanted to cash in on their homes before a widely expected capital gains hike -- to 20% from 15% -- that was part of the fiscal cliff budget deal.

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