Less conspicuous that is. From jewelry to luxury cars to luxury homes, reports are widespread that in response to our slowed economy and public opinion, the new luxury buyer is more restrained in their purchases than ever before.
But for those of us in the luxury real estate business, the good news is that high-end homebuyers are back in the market and buying.
Luxury home sales experienced a resurgence at the end of 2009 and based on our recent sales, first quarter 2010 promises to be even stronger. Read more about the new habits of the affluent buyer in this recent New York Times article, "Ready to Spend, But Not To Boast".
Tell us how the economy has changed the way you spend. Are you still holding back on major purchases, or are you experiencing the "frugal fatigue" cited in the article and finally treating yourself to some indulgences?