Based on the recent reports, they have showed that America's wealthiest people don't place much stock in real estate values going up this year. It shows that 33% of survey respondents expect real estate values to decline, up from 14% who felt that way last ye

Several 100-point nosedives over interest rate fears, rising global interest rates, high gas prices, world unrest and rising inflation, illustrating that it's more volatile than housing as far as investment earnings go, have been taken by the stock market as rising interest rates have cooled housing in formerly hot markets.

The wealthy spend their housing dollars on neighborhoods, houses and features that are likely to uphold and grow their investment, like investors search for beaten down gems in blue chip and other oversold stocks. Eating well and entertainment are priorities for million-dollar homeowners, among others. Because of smart investments, equity in their homes, and in some cases, inheritances, luxury properties have become attainable for many Americans.

By M. Sese
http://realestatepress.org