Here's another little snippet of insight on the current attitudes of America's affluent from the current WEALTH REPORT Newsletter (members can find it at the very bottom of our Document Downloads page):
The real estate market is still exceptionally weak, presenting wealthy homeowners with opportunities to indulge their keen interests in owning a vacation home or making renovations to their existing home. A vacation home at the beach or in the mountains is the most highly coveted luxury item, identified by 56 percent of the wealthy as highly desirable. Upgrading the kitchen ranks second, with 46 percent saying that a gourmet kitchen would be a highly desirable update to the home. Wealthy women are substantially more likely than men to find either option compelling.
