While persistently high interest rates and scarce inventory are still impacting wide swathes of the residential real estate market, the phenomenal growth in global ultra-wealth coming out of the pandemic is propelling the rise in monumental home sales in more markets around the U.S. That was one of the key takeaways from an April 17 event in New York City exploring the 2024 Wealth Report, Douglas Elliman and Knight Frank’s annual round-up of insights and analysis on investment trends driven by the world’s high-net-worth and ultra-high-net-worth individuals (HNWIs and UHNWIs, respectively).
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