- Today’s luxury housing market is expanding from grand, extravagant mansions toward “quiet luxury,” emphasizing understated comfort, according to Pamela Liebman, CEO of The Corcoran Group. This trend includes smaller, high-end homes and with buyers favoring places that offer meaningful features over sheer size or clout.
While people have different definitions for luxury, the word typically elicits extravagance, grandeur, and exclusivity. And in the housing market, it usually prompts visions of a massive mansion dripping with amenities.
