300 people were surveyed, and 35% of them own second homes. An additional 35% are considering buying a second residence. Gillespie says he doesn't see that penchant for owning a second home changing anytime soon, despite rising interest rates.
The study actually found that 70% of respondents would not change their planned luxury purchases even if rates keep rising.
RealEstateJournal | Owners of Million-Dollar Homes Are Not Who You'd Think
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