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Affluent Homeowners Are Remodeling Instead of Moving

Luxury remodeling is driven by lifestyle, longevity and evolving family needs, not just aesthetics or resale value.

  • Affluent homeowners are remodeling existing homes instead of moving.
  • Favorable mortgage rates and limited housing supply reduce incentives to sell.
  • Demographic trends show 75% of adults 50+ want to age in place.

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