Luxury real estate brokers are seeing more all-cash offers, especially from ultra-wealthy clients, per a new survey of Coldwell Banker brokers. Brokerage president Jason Waugh said high interest rates and real estate’s appeal as a safe haven during economic volatility are driving this trend. While high-end buyers aren’t shying away from big-ticket purchases, their wish-lists have gotten longer. View of luxury waterfront homes and boats along the intracoastal waterway near Jupiter Inlet in Jupiter, Florida in Palm Beach County Ryan Tishken | Istock | Getty Images
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.
Economic uncertainty is creating a divide in the luxury real estate market between ultra-rich buyers and the merely