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US developers banking on buyers of million-dollar homes

Homes costing US$1 million and more are spreading across the US with builders eager to please the growing number of baby boomers who have risen to high salary levels and accumulated substantial savings.

Newtown Square, Pennsylvania

LISA Gray spent a few months searching for a home that would span the generations, one where her two sons would want to bring friends throughout their teenage years and that her ageing parents could navigate with ease.

She settled on a two-storey...

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