The general decline in prices as well as greater difficulty in getting large (jumbo) loans have taken a toll on a once hot part of the real estate market. From Florida to the Northeast to California, many a suburban house moved up into the seven-figure category during the boom of the early part of the 21st century.
It wasn't long before some were saying a million dollars didn't buy you much in certain markets. Though that may still be in the case in parts of California, seven-figures certainly buys you more house today than it did a year ago, never mind two years ago when prices had started to decline.
As part of our recurring "Million Dollar Homes" feature, we thought it would be interesting to look at the housing markets in the hometowns of the various presidential candidates, both past and present.