There have never been more luxury foreclosed homes on the market in the United States. According to a recent study, the number of foreclosures for sale with values exceeding $1 million has increased by 90% since 2007. Nothing in the current housing market environment or data suggests we will see anything but a continuation of this trend in the near term. Luxury home buyers are sitting pretty right now with a glut of high-end foreclosures on the market in some of the country’s most desirable communities.