Coldwell Banker CEO: Foreign High-End Buyers Retreating

The video discusses the real estate market in the US, focusing on expensive markets, particularly in California and Silicon Valley. It highlights the impact of location on real estate prices and examines trends in luxury markets. The video also explores price trends in various cities and the emergence of new urban markets, driven by millennial preferences for walkability and culture.

What is a significant factor contributing to the high real estate prices in California cities?

• The lack of housing regulations

• The presence of tech companies

• The high crime rates

• The abundance of natural resources

What change is occurring in the ultra-high-end real estate market?

• An increase in foreign buyers

• A shift towards more American buyers

• A decrease in property sizes

• A rise in rural property purchases

What is the average price for a four-bedroom, two-bath home in the US according to the survey?

• $320,000

• $150,000

• $500,000

• $1,000,000

What is an '18-hour city'?

• A city with a high crime rate

• A city with vibrant activity but not 24/7

• A city with limited public transport

• A city that never sleeps

Which city is experiencing a resurgence due to millennial preferences?

• New York

• Detroit

• San Francisco

• Los Angeles