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- More affluent households than ever before
Good news for those selling luxury properties...The Census Bureau' s latest report on U.S. household income shows a jump in the total number of households earning $100,000 or more. Nineteen percent of the nation's 116 million households earned at least $100,000 in combined household income in 2006. Here's how…
- It's all in how you say it
The owners of a wonderful luxury home often believe there are no properties which are comparable to their customized home. So, when you arrive with your carefully prepared market analysis and begin to talk about comparable properties, they often are less than responsive to your information, because they are…
- What's Hot in Luxury Homes
Based on interviews with their luxury agents, Royal LePage Canada has just published their Top 10 must haves for today's multi-million dollar homes: Elevator car lifts, indoor car washes - Luxury homeowners spare no expense for their priceless automobiles. Avid car collectors, especially in city homes where property size…
- Holiday Spending Projections and the Affluent
Just wanted to highlight two very different surveys that look at projected holiday spending this year. The first is a Harrison Group Study that predicts a mixed holiday spending season, with families earning under $75k a year spending less than last year and buying essentials, while those earning more…
- New U.S. Record - $175 Million
If rumors and news reports are true, then the sale of the Steve Forbe's Trinchera Ranch in Colorado for $175,000,000 has just set a new record. The 171,000 acre property was purchased by billionaire hedge-fund manager Louis Moore Bacon and tops the $103 million Ron Baron paid earlier this…
- The Sky's the Limit
There's a brief but very positive review of a new book on the affluent--The Sky's the Limit-- on Dick Baker's Life Style Marketing of Luxury Blog. Here's a excerpt: The Sky's the Limit is a new book about the "elite affluent." The major findings are about two sub-sets: Those…
- What magazines do the wealthy read?
What publications do the wealthy read? The nation's richest people spend time reading news magazines and financial publications according to The Mendelsohn Affluent Survey, released this Fall by Monroe Mendelsohn Research. The wealthy also follow newsmaker and celebrity activities. Among high net-worth households — the 2.6 million in the…
- Three Institute panelists shared great ideas at NAR,
Part 1: Sandy Raines
As always, the NAR convention offered a wealth of ideas for real estate professionals eager to take their business to the next level of success. In one of the breakout sessions, three Institute members joined me for a luxury homes expert panel sharing ideas about working in the luxury…
- Three Institute Panelists shared great ideas at NAR,
Part 2: Stan Barron
The Luxury Experts panel at the National Association of Realtors convention held last week in Las Vegas drew about 500 people who sat on the edge of their seats as Sandy Raines, Stan Barron and Gayle Henderson shared their secrets about working successfully in the upper tier. Yesterday’s blog…
- Three Institute panelists shared great ideas at NAR,
Part 3: Gayle Henderson
Last week at the National Association of Realtors convention, I moderated a Luxury Experts Panel consisting of three super luxury home agents who are members of The Institute – Sandy Raines, Stan Barron, and Gayle Henderson. This week, my blog posts include some of the highlights of the panelists’…
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