High-end homeowners might want to hold off on a sale.

Analysts predict homes priced at more than $1 million may not bottom out until 2012, compared with 2011 for the majority of the national housing market.

The government’s efforts to help everyday homeowners with its “Home Affordable” loan and refinancing programs may slowly be giving the national housing market a much-needed boost, but one niche looks like it’s in for a longer dive into losses: homes priced higher than $1 million.

Source: MSN Real Estate Blog

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