Will new tax on ultra-luxury NYC homes derail red-hot demand?
The proposed tax would apply to second homes valued above $5 million, with higher rates for properties exceeding $15 million and $25 million.
New York City
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NYC ultra-luxury market surges amid global unrest
One Manhattan broker is seeing more families relocating from Dubai, which experienced an enormous post-COVID market surge.
No exodus after all? Manhattan luxury market sales accelerate under Mamdani
With Zohran Mamdani mayor and debate over a possible city wealth tax or property tax increase, market data shows no sign of a luxury exodus.
RealTrends Verified ranked De Niro Team joins Brown Harris Stevens
NYC’s De Niro Team, with $52.12 million in 2024 sales, leaves Douglas Elliman for Brown Harris Stevens, boosting the firm’s luxury roster.
Early Alexander Brothers accuser found dead in Australia
The woman filed a civil lawsuit in March 2024 accusing the Alexander brothers of sexually assaulting her more than a decade earlier.
Sun Belt leads sales volume but posts nation’s lowest absorption rate
Housing market efficiency varies dramatically by region with Sun Belt showing lowest absorption rate despite highest sales volume.
Emilia Bechrakis Serhant joins SERHANT. as licensed agent
Ryan Serhant’s wife is making the jump from title insurance to real estate sales by joining her husband’s brokerage.
RealTrends Verified mega team Noble Black & Partners returns to Corcoran
Noble Black and his team are returning to Corcoran with a $500 million listing book after a decade with Douglas Elliman
Top Hamptons broker Terry Cohen joins Compass
Cohen closed $150 million in transactions in the past year alone and is known for representing a broad range of luxury properties.
Former Douglas Elliman agent withdraws lawsuit that sought unpaid commissions
Holly Parker, a former Douglas Elliman agent, has withdrawn a lawsuit to recoup $1.6 million from deals that closed after she left.