Here's an excerpt from Coldwell Banker's Previews Inside Out: A Look Into Luxury Home and Style.

Rising home prices? C’est la vie, say a majority of today’s high-net-worth (HNW) individuals. According to new research Coldwell Banker Previews International®/NRT commissioned from Ipsos MediaCT:

• 54% of HNW individuals say they plan to make a real estate investment this year, up from 48% in 2014.
• 69% of HNW millennials (those under age 35) say they plan to purchase a new property in the coming year — running contrary to the myth that millennials are reluctant to enter the housing market.
• In addition to being more inclined to invest in real estate, younger wealthy consumers are also purchasing homes at substantially higher prices than baby boomers. Gen Xers paid an average of $5.24 million for their last home, and millennials spent $4.96 million.

To read the full article and learn more interesting insights on real estate and today’s HNW investors, the complete survey is available here.