Our founder, Mauricio Umansky, recently joined Bloomberg to share his perspective on today’s luxury real estate market.
Real estate has been in a three-year home recession, but the luxury segment continues to show strength and resilience. Even high-net-worth buyers—cash in hand—have been sitting on the sidelines. Now, with a slight drop in interest rates and more inventory becoming available, we are starting to see that demand return.
Mauricio said it best—even if you have the money, you still want to feel like you got a great deal. No one wants to be the one who overpaid.
And when it comes to sellers? Every seller believes their home is the best on the planet. But in today’s market, a strategic price adjustment is often the key. Data, market reality, and perceived value drive successful outcomes.
A great watch for anyone navigating today’s evolving market.