Roll out the red carpet (but only neutrals in the living room, please). America’s ultra-wealthy are becoming more numerous, and a quarter of them plan to snatch up more real estate in the next three years, according to a new report from Luxury Portfolio International.
- There has been a 53 percent increase worldwide in the number of ultra-wealthy individuals in the last five years.
- Of America's ultra-wealthy, 25 percent of them are planning to buy real estate and 20 percent to sell.
- Up to 45 percent have been sidelining cash until the U.S. Presidential election is over.
- Independent real estate brands scored higher than national big box brands with luxury buyers.