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Power Buyers: What To Know About Real Estate’s Buzziest New Buyer Tools
For the past several years, the real estate market has been a twisted game for homebuyers. The ability to secure the perfect home constantly eludes them, as they get crushed by institutional buyers with all-cash hammers, pricked by sellers wielding their power to overprice homes, and sucked into a pipeline of precarious financing. Stefan Peterson | Credit: LinkedIn However, an emerging business model is helping homebuyers win the game — similar to the effect of a single Super Mushroom that transforms Mario from a dwarf to a looming giant; power buyers are imbuing everyday buyers with the capital needed to crush the competition and seal the deal. “What power buyers…
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Staggering new report: ‘A Look at Wealth 2021: Real Estate’s New Power Players’
Today, nearly three times as many individuals with a $5 million+ net worth own $1–$5 million in real estate, compared to the numbers in 2019 — that’s a 180{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} increase in luxury property ownership. How did we reach such unprecedented growth in a three-year period? What power groups drive this demand, how do they redefine luxury and what should luxury real estate professionals know as they seek to serve clients in this new buying climate? Our team at Coldwell Banker Global Luxury® once again looked to WealthEngine, Wealth-X, and The Institute for Luxury Home Marketing to compile the data for “A Look at Wealth 2021: Real Estate’s New Power Players.”…
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How real estate’s new power players are redefining the luxury market
These days, practically a few instances as a lot of men and women with a web well worth of $5 million+ very own real estate in the $1-5 million variety in contrast to the numbers in 2019 — an 180{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} enhance of luxury assets ownership in a mere a few-yr interval. This staggering growth led us to a issue: Who are these new actual estate electrical power gamers and how are they driving the current market in 2021? Thanks to data compiled by WealthEngine, Prosperity-X and The Institute for Luxurious Residence Promoting, our team at Coldwell Banker World wide Luxury has just released “A Glance at Wealth 2021: Real Estate’s…
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Staggering Wealth Growth Drives Luxury Real Estate’s New Power Players, Coldwell Banker Global Luxury Report Reveals
The 2021 “A Look at Wealth” report profiles four Power Player demographics who are reshaping the wealth groups, marking shifts in home buying and lifestyle trends MADISON, N.J., Oct. 25, 2021 /PRNewswire/ — Today, Coldwell Banker Real Estate LLC, a Realogy (NYSE: RLGY) brand, and the Coldwell Banker Global Luxury® program released the “Real Estate’s New Power Players” report, part of the annual “A Look at Wealth” series. The luxury real estate market is seeing yet another dynamic year. Staggering wealth growth – driven by rebounding stock markets, cryptocurrency gains and higher 401(k)s – combined with soaring home prices and low interest rates meant buyers borrowed and saved more while…
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Power in seeds: Urban gardening gains momentum in pandemic | Home & Garden
Interest in gardening has grown around the country. And urban gardeners say it’s particularly important for the health and resiliency of city neighborhoods, such as this area of Los Angeles. Members of the community-based Alternatives-to-Incarceration (ATI) initiative are involved in growing food as well as the peppers for “The Bronx Hot Sauce.” Interest in gardening has grown around the country. And urban gardeners say it’s particularly important for the health and resiliency of city neighborhoods. Ron Finley in a garden in Los Angeles.…
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