(The Center Square) – California’s wealthiest residents sought to purchase luxury homes in other states during the COVID-19 pandemic, if not leave the state entirely. (Article by Cole Lauterbach [.]
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Wealthy people who fled cities like NYC and Chicago last year moved to hidden gem locations including Salt Lake City and Phoenix, new data show
Coldwell Banker has released a 132-page report detailing insights into the luxury market and how people are fleeing taxes and restrictive COVID-19 mandates Ideas about wealth itself also shifted as the affluent set sights on intangible luxuries, like family, health, safety, security, and space, the report reads
Phoenix, as well as Denver and Dallas, were listed as secondary markets on the rise or cities where luxury buyers had not previously bought as many home
Americans left primary real-estate markets for suburbs and vacation destinations amid the pandemic.
Real-estate brokerage Coldwell Banker issued a 132-page report on where the wealthy moved and why.
It identified six areas where the real-estate market was on the rise or exceeding expectations.
A new report revealed where wealthy Americans call home. As the rich have relocated this past year, more than one factor has influenced their moves and spending habits.
The real-estate brokerage Coldwell Banker issued a 132-page report breaking down where the wealthy have moved and why as well as which locations have served as the most desirable relocation retreats. It includes six areas where the real-estate market is on the rise or exceeding expectations.