As the U.S. housing market recovers, it has been the highest end of the high-end luxury market leading the way, and doing so in a really big way in 2012. Across the country, record-breaking home sales — a few hovering near the $100 Million mark — by the world’s wealthiest have made headlines all year long, from New York to Southern California. In a recent Forbes article, real estate writer Morgan Brennan took a look at some of the biggest home purchases of 2012 and spoke with The Agency’s Mauricio Umansky, who was involved in several of this year’s major sales, about what billionaires are looking for when paying stratospheric  amounts for homes.

Read what Mauricio has to say here.

View Recently Sold Homes by The Agency