Women with a net worth of $5 million or more now own 15.2% of high-priced residential properties, highlighting their significant rise in luxury real estate.
Jade Mills notes, 'We are seeing an extraordinary evolution in home design that reflects the changing dynamic of luxury real estate,' as women assert their influence.
Despite a challenging housing market, the luxury segment picked up last year as luxury buyers tend to be less affected by elevated mortgage rates.
The trend report predicts that deep-pocketed women will play increasingly outsized roles in the thriving luxury real estate in the coming years.
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