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A Look At Wealth: Real Estate's Power Players
Tim Smith
Tim Smith’s name is synonymous with the coastal Orange County real estate market, where his well-established reputation and unmatched market knowled...
Tim Smith’s name is synonymous with the coastal Orange County real estate market, where his well-established reputation and unmatched market knowled...
Let's look at real estate and wealth through the lens of the last two years.
Has real estate become a bigger piece of the wealth pie?
If so, who are its beneficiaries and how are they driving the trends of today’s market?
Combining data from Wealth-X and WealthEngine, with insights from the Institute for Luxury Home Marketing, Coldwell Banker (and The Smith Group) set out to learn the answers for "A Look At Wealth."
Inside This Report:
► Wealth Growth 2021: U.S. wealth grew by 17% from 2019-2021
► Wealth and Real Estate: Wealth allocated to real estate jumped to $3.6 trillion in 2021
► Rising Real Estate Wealth Footprint: Those with a $5-10 million net worth had the highest rise in real estate wealth between 2019-2021
► Sales Surpass 2020: Sales rose 142% for single-family and 129% for attached homes priced $1-5 million from January-August 2021, compared to the same period in 2019
► Power Players Driving Demand: Urban Repatriates, Second Homeowners, Baby Boomers and Golden Millennials
► Where They Live: 12 Power Player Markets and the top 5 urban and resort markets
*Article posted with permission from Coldwell Banker Global Luxury
