It is no secret that consumer and buyer behavior has shifted—especially in the affluent market. Here are three key critical factors that will shape the luxury real estate market in the coming year.
Truckee, Calif., is a mountain town just northwest of Lake Tahoe. It is sort of an outdoorsy paradise. It has great skiing, mountain biking and hiking opportunities, as well as a river and lakes. It also has some great restaurants and a budding art scene.
How is this possible? In a time of pandemic and economic uncertainty, how would searches for luxury homes go up? The answer is simple: people want to live where it is safe and private.
The first six months presented unexpected challenges to the real estate market, and the economy in general, like never before. But thankfully, industry experts see brighter days ahead. The much-anticipated Mid-Year Survey by RCLCO, a trusted industry prognosticator, points to an imminent resurgence.