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
Auto Added by WPeMatico
New York joins states seeking to regulate private listing networks
New York introduced a bill to require public listing marketing and regulate private listing networks, as other states pass similar laws.
Rayse, OneKey MLS partner on agent value tools in New York
Through the collaboration, OneKey MLS members will gain access to the Rayse platform along with co-branded educational programming.
Housing market weathers storm disruption, sets up for spring
New listings and pending sales dipped in late January, driven by a snowstorm rather than broader housing market trends.
Americans are moving less frequently — and staying closer to home
Bank of America’s findings suggest that the era of a dramatic nationwide migration has faded, replaced by a quieter trend of households trading one nearby city for another due to better housing affordability.
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.
Memo reportedly undercuts mortgage fraud allegations against Letitia James
Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources.
Homeowners cashing in with ‘Airbnb for anything’ rentals
Homeowners are turning underused private spaces into sources of income — renting out pools, backyards, and home gyms by the hour.
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.
New York and DC homeowners set for biggest savings from SALT cap hike
The change, part of President Trump’s “One Big Beautiful Bill Act,” raised the deduction limit from $10,000 to $40,000.