Survey examines luxury real estate buying habits

About 46% of respondents already own or plan to buy second home

Inman News

A study of homeowners whose homes are valued at $1 million or more found that 35 percent plan to remodel or add on to their property, and 8 percent are planning to move to another luxury home. This study, the Coldwell Banker Luxury Index, is based on an August 2004 survey of 300 homeowners.

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