Real estate remains a top wealth allocation choice across all generations, with the emerging affluent identifying it as their primary growth opportunity.
The 2024 Study of Wealthy Americans by Bank of America reports that young wealth holders, digital nomads, and professionals in finance and technology view real estate as a leading asset class, alongside cryptocurrency and private equity. In contrast, older wealthy high-net-worth individuals prefer real estate in addition to U.S. and international stocks.
Bank of America reveals that individuals aged 21 to 43, particularly digital nomads and those in finance and tech, view real estate as their best wealth-building opportunity, along with cryptocurrency, private equity, and personal brand income.
For those over 44, the study indicates a strong preference for real estate, which they rank highly alongside U.S. stocks and equities from emerging and international markets.
Younger buyers are prioritizing real estate purchases but may have more diverse family structures and priorities than previous generations. Contact me to learn how I can help prepare your home for sale so it appeals to the emerging affluent.
This month, uncover groundbreaking innovations in architecture and design that are reshaping our experience of home. Explore a building trend rooted in environmental respect, indulge in the luxury of branded residences, see how designers are elevating home viewing into state-of-the-art cinema experiences, and visit iconic residences crafted by women architects.
Designing a Climate-Resilient Home Today’s luxury properties can have a low environmental impact without sacrificing elevated aesthetics. Tour Climate-Resilient Homes
From Fendi to Bulgari: Living in a Luxury Branded Home The biggest names in luxury are expanding into residential developments. What’s on offer is a bespoke, luxurious lifestyle. Explore Branded Residences
The 2025 Luxury Outlook℠ Report Explore how global migrations, branded residencesand changes in wealth are shaping the luxury real estate market. Browse the Latest Trends
How to Design the Perfect Home Cinema Upgrade your viewing experience with a bespoke movie theater. Get the Details
Celebrating the Towering Talents of Women Architects In a world of high-rise living, women architects have pioneered a bold new era of vertical design and luxury. Visit Landmark Towers
The real estate landscape is changing, and staying informed is more important than ever. Recent legal actions have reshaped how real estate agents are compensated, bringing new dynamics to the way home buyers and sellers navigate the market.
In a landmark decision, a federal jury found that the National Association of Realtors (NAR) and several major brokerages conspired to keep commissions high. As a result, real estate agent compensations for both the buyer and seller are undergoing significant changes.
One of the most notable shifts is that home sellers are no longer automatically responsible for paying both their and the buyer’s agent. Now, buyers may need to negotiate and pay their agents directly. Also, buyers will no longer be able to view homes for sale with an agent, without first signing a buyers’ agency agreement. These changes are nationwide, with EVERY brokerage firm, and not optional.
As your dedicated agent, I’m here to help you understand these updates and explore the best strategies for your unique situation. Whether you have questions about agent compensation changes or want to discuss your options about how to buy or sell a home within the confines of the new requirements, I’m just a call or email away. Together, we can ensure your next real estate move is informed and successful.
