In the past, it was mostly celebrities and top-level executives who insisted on keeping details of their home sales hushed, but now a broader group of high-end owners are concerned about publicizing their wealth, according to Haber.
“There’s so much talk today about income inequality and the 1 percent versus the 99 percent,” he said. “There are people who would prefer to avoid any glare and would prefer to sell it off market.”
This article was provided by Bloomberg News.