Many North Americans have begun feeling the effects of an economic downturn, with the housing market starting to feel the impact and reverting back to more normalized conditions and, in some cases, a cool down after more than two years of unprecedented market conditions. While real estate professionals continue to navigate through the balance of price changes, interest rates, and the continuous need for individuals to buy and sell, the luxury market is taking on new life.
Engel & Völkers Americas conducted exclusive market research of likely homebuyers across North America to understand the current attitude, mindset, and intentions of luxury consumers who plan to buy a home in the next few years.
